Wedbush Securities Inc. Cuts Position in iShares Select Dividend ETF (NASDAQ:DVY)

Wedbush Securities Inc. trimmed its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 30.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,800 shares of the company’s stock after selling 20,856 shares during the period. Wedbush Securities Inc.’s holdings in iShares Select Dividend ETF were worth $6,276,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DVY. JDM Financial Group LLC increased its stake in iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of iShares Select Dividend ETF by 17.9% during the fourth quarter. Richardson Financial Services Inc. now owns 494 shares of the company’s stock valued at $65,000 after buying an additional 75 shares during the last quarter. Unionview LLC increased its position in shares of iShares Select Dividend ETF by 0.7% during the fourth quarter. Unionview LLC now owns 11,234 shares of the company’s stock valued at $1,475,000 after acquiring an additional 83 shares in the last quarter. Ritholtz Wealth Management raised its holdings in iShares Select Dividend ETF by 3.2% in the 4th quarter. Ritholtz Wealth Management now owns 2,764 shares of the company’s stock worth $363,000 after acquiring an additional 86 shares during the last quarter. Finally, Apollon Financial LLC lifted its position in iShares Select Dividend ETF by 1.2% in the 4th quarter. Apollon Financial LLC now owns 7,713 shares of the company’s stock valued at $1,013,000 after acquiring an additional 90 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Down 5.4 %

iShares Select Dividend ETF stock opened at $122.07 on Friday. iShares Select Dividend ETF has a 12 month low of $115.43 and a 12 month high of $144.09. The stock has a fifty day simple moving average of $134.31 and a two-hundred day simple moving average of $135.02. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 14.65 and a beta of 0.78.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were issued a $1.0495 dividend. The ex-dividend date was Tuesday, March 18th.

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.