Murphy Middleton Hinkle & Parker Inc. Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Murphy Middleton Hinkle & Parker Inc. lessened its position in iShares Select Dividend ETF (NASDAQ:DVY) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 32,094 shares of the company’s stock after selling 434 shares during the quarter. iShares Select Dividend ETF makes up about 2.4% of Murphy Middleton Hinkle & Parker Inc.’s portfolio, making the stock its 12th largest holding. Murphy Middleton Hinkle & Parker Inc.’s holdings in iShares Select Dividend ETF were worth $4,214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in iShares Select Dividend ETF in the 3rd quarter worth approximately $36,000. JDM Financial Group LLC lifted its stake in iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares in the last quarter. M&R Capital Management Inc. boosted its holdings in shares of iShares Select Dividend ETF by 1,455.0% during the 3rd quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the last quarter. Finally, ORG Partners LLC grew its position in shares of iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after purchasing an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $134.80 on Friday. The stock has a 50 day moving average price of $135.84 and a 200 day moving average price of $132.81. The stock has a market cap of $20.47 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $1.3164 per share. The ex-dividend date 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.