Institute for Wealth Management LLC. Has $229,000 Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Institute for Wealth Management LLC. cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 12.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,953 shares of the company’s stock after selling 280 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares Select Dividend ETF were worth $229,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of iShares Select Dividend ETF by 30.0% during the third quarter. Signaturefd LLC now owns 1,864 shares of the company’s stock valued at $201,000 after purchasing an additional 430 shares in the last quarter. TIAA Trust National Association boosted its stake in shares of iShares Select Dividend ETF by 4.7% during the fourth quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock valued at $1,140,000 after purchasing an additional 437 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of iShares Select Dividend ETF by 14.2% during the third quarter. JFS Wealth Advisors LLC now owns 24,829 shares of the company’s stock valued at $2,673,000 after purchasing an additional 3,078 shares in the last quarter. Park Place Capital Corp boosted its stake in shares of iShares Select Dividend ETF by 1.6% during the fourth quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after purchasing an additional 129 shares in the last quarter. Finally, Ledge Wealth Management Inc. acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at about $202,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 1.6 %

Shares of DVY stock opened at $118.70 on Friday. The business’s 50-day moving average price is $118.58 and its 200-day moving average price is $114.38. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Thursday, March 21st.

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.