Secure Asset Management LLC Sells 317 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Secure Asset Management LLC lowered its position in iShares Select Dividend ETF (NASDAQ:DVY) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,788 shares of the company’s stock after selling 317 shares during the period. Secure Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in shares of iShares Select Dividend ETF by 5.6% in the 2nd quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after purchasing an additional 4,031 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after buying an additional 7,012 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of iShares Select Dividend ETF by 2.2% in the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after buying an additional 1,041 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of iShares Select Dividend ETF by 12.0% during the 3rd quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after acquiring an additional 455 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in shares of iShares Select Dividend ETF by 331.9% during the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after acquiring an additional 375 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $135.10 on Friday. The company has a market capitalization of $20.51 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The stock’s 50 day simple moving average is $135.56 and its 200 day simple moving average is $133.13. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.