Twele Capital Management Inc. Has $404,000 Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Twele Capital Management Inc. decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 3.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,078 shares of the company’s stock after selling 115 shares during the period. Twele Capital Management Inc.’s holdings in iShares Select Dividend ETF were worth $404,000 at the end of the most recent quarter.

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

iShares Select Dividend ETF Stock Up 1.3 %

Shares of DVY stock opened at $132.80 on Thursday. iShares Select Dividend ETF has a 12-month low of $112.42 and a 12-month high of $144.09. The firm has a fifty day moving average of $136.10 and a 200-day moving average of $132.62. The firm has a market capitalization of $20.22 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF Company Profile

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.