WFA Asset Management Corp Lowers Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

WFA Asset Management Corp decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 49.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,011 shares of the company’s stock after selling 4,949 shares during the quarter. iShares Select Dividend ETF accounts for about 0.3% of WFA Asset Management Corp’s holdings, making the stock its 26th biggest holding. WFA Asset Management Corp’s holdings in iShares Select Dividend ETF were worth $617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DVY. GAMMA Investing LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $27,000. Parkside Financial Bank & Trust increased its stake in iShares Select Dividend ETF by 91.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after buying an additional 186 shares during the period. Richardson Financial Services Inc. acquired a new position in iShares Select Dividend ETF in the 4th quarter valued at $49,000. Fortitude Family Office LLC acquired a new position in iShares Select Dividend ETF in the 4th quarter valued at $57,000. Finally, Financial Connections Group Inc. acquired a new position in iShares Select Dividend ETF in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY traded down $0.06 during trading on Wednesday, hitting $120.73. 101,262 shares of the company were exchanged, compared to its average volume of 512,469. The company has a market cap of $18.34 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $125.99. The firm’s fifty day moving average price is $122.00 and its 200 day moving average price is $119.15.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a $0.9304 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 annualized dividend and a dividend yield of 3.08%.

iShares Select Dividend ETF Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.