Flagstar Advisors Inc. Lowers Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Flagstar Advisors Inc. reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,714 shares of the company’s stock after selling 368 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $3,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC acquired a new stake in iShares Select Dividend ETF during the 3rd quarter worth approximately $1,144,000. Nwam LLC purchased a new stake in iShares Select Dividend ETF during the third quarter worth approximately $2,372,000. Smithfield Trust Co grew its stake in iShares Select Dividend ETF by 1.3% during the third quarter. Smithfield Trust Co now owns 52,766 shares of the company’s stock worth $7,116,000 after buying an additional 656 shares during the period. LPL Financial LLC increased its position in shares of iShares Select Dividend ETF by 4.6% in the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after acquiring an additional 64,620 shares in the last quarter. Finally, STAR Financial Bank purchased a new position in shares of iShares Select Dividend ETF in the 3rd quarter valued at $2,916,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.9 %

NASDAQ:DVY opened at $142.08 on Friday. iShares Select Dividend ETF has a twelve month low of $109.90 and a twelve month high of $142.38. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm’s fifty day simple moving average is $135.74 and its 200 day simple moving average is $129.21.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were given a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.