iShares Select Dividend ETF (NASDAQ:DVY) is Cabana LLC’s 3rd Largest Position

Cabana LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,472 shares of the company’s stock after selling 6,211 shares during the period. iShares Select Dividend ETF makes up approximately 13.1% of Cabana LLC’s holdings, making the stock its 3rd largest position. Cabana LLC’s holdings in iShares Select Dividend ETF were worth $2,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC boosted its stake in iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after buying an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of iShares Select Dividend ETF during the second quarter worth $30,000. ORG Partners LLC purchased a new stake in shares of iShares Select Dividend ETF during the second quarter valued at $32,000. Family Firm Inc. purchased a new stake in shares of iShares Select Dividend ETF during the second quarter valued at $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of iShares Select Dividend ETF in the third quarter worth about $36,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Down 0.9 %

DVY traded down $1.23 on Friday, reaching $133.52. 300,077 shares of the company traded hands, compared to its average volume of 457,085. The company has a market cap of $19.89 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $105.58 and a one year high of $137.26. The firm has a fifty day simple moving average of $134.09 and a two-hundred day simple moving average of $127.26.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

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.