Private Ocean LLC Reduces Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Private Ocean LLC cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 18.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,568 shares of the company’s stock after selling 1,000 shares during the quarter. Private Ocean LLC’s holdings in iShares Select Dividend ETF were worth $563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC increased its holdings in iShares Select Dividend ETF by 2.1% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock worth $513,000 after purchasing an additional 88 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of iShares Select Dividend ETF by 0.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock valued at $1,730,000 after acquiring an additional 96 shares during the last quarter. Access Financial Services Inc. increased its holdings in shares of iShares Select Dividend ETF by 0.5% in the 4th quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock valued at $2,272,000 after acquiring an additional 96 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of iShares Select Dividend ETF by 3.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after acquiring an additional 96 shares during the last quarter. Finally, HCR Wealth Advisors increased its holdings in shares of iShares Select Dividend ETF by 3.1% in the 4th quarter. HCR Wealth Advisors now owns 3,286 shares of the company’s stock valued at $385,000 after acquiring an additional 98 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Up 0.5 %

Shares of NASDAQ DVY opened at $120.98 on Friday. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $125.99. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The business has a 50 day simple moving average of $121.98 and a 200-day simple moving average of $119.10.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a yield of 3.08%.

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.