Cornell Pochily Investment Advisors Inc. Decreases Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Cornell Pochily Investment Advisors Inc. reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,331 shares of the company’s stock after selling 1,172 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Next Level Private LLC bought a new stake in iShares Select Dividend ETF during the fourth quarter worth about $220,000. Planned Solutions Inc. bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $1,004,000. Columbia Trust Co 01012016 purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $205,000. SignalPoint Asset Management LLC increased its holdings in iShares Select Dividend ETF by 3.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 9,396 shares of the company’s stock valued at $1,101,000 after purchasing an additional 300 shares during the period. Finally, PFG Investments LLC grew its holdings in shares of iShares Select Dividend ETF by 4.4% during the 4th quarter. PFG Investments LLC now owns 11,516 shares of the company’s stock worth $1,350,000 after acquiring an additional 484 shares during the period. 47.25% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Up 0.4 %

Shares of DVY stock traded up $0.49 during midday trading on Thursday, reaching $122.93. 125,115 shares of the stock were exchanged, compared to its average volume of 594,814. The company’s 50 day moving average is $116.80 and its two-hundred day moving average is $113.21. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $123.12. The firm has a market cap of $19.41 billion, a PE ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were given a $0.9976 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 annualized dividend and a yield of 3.25%.

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.