Etfidea LLC Has $1.12 Million Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Etfidea LLC cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 14.2% during the second quarter, Holdings Channel reports. The institutional investor owned 9,901 shares of the company’s stock after selling 1,644 shares during the quarter. Etfidea LLC’s holdings in iShares Select Dividend ETF were worth $1,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DVY. Citigroup Inc. lifted its stake in iShares Select Dividend ETF by 340.7% during the first quarter. Citigroup Inc. now owns 16,028 shares of the company’s stock worth $2,054,000 after purchasing an additional 12,391 shares during the period. Allianz Asset Management GmbH bought a new position in iShares Select Dividend ETF during the first quarter worth about $2,396,000. First Western Trust Bank bought a new position in iShares Select Dividend ETF during the first quarter worth about $1,188,000. Prudential Financial Inc. bought a new position in iShares Select Dividend ETF during the first quarter worth about $205,000. Finally, Worth Asset Management LLC bought a new position in iShares Select Dividend ETF during the first quarter worth about $177,000. 47.25% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.2 %

DVY traded down $0.18 during midday trading on Monday, reaching $113.41. 124,014 shares of the company’s stock were exchanged, compared to its average volume of 664,899. The firm has a market capitalization of $19.33 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $105.59 and a one year high of $126.89. The business has a 50-day simple moving average of $114.41 and a two-hundred day simple moving average of $114.00.

About iShares Select Dividend ETF

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.