Global Trust Asset Management LLC Trims Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Global Trust Asset Management LLC reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,219 shares of the company’s stock after selling 2,003 shares during the quarter. iShares Select Dividend ETF accounts for 0.9% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Global Trust Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in 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 purchasing an additional 4,031 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after buying an additional 7,012 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in iShares Select Dividend ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after acquiring an additional 1,041 shares during the period. Global Retirement Partners LLC lifted 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 valued at $572,000 after acquiring an additional 455 shares during the period. Finally, ORG Partners LLC lifted its stake 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 during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 1.0 %

Shares of DVY opened at $136.14 on Wednesday. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09. The firm has a market capitalization of $20.67 billion, a P/E ratio of 13.25 and a beta of 0.87. The firm’s 50-day moving average is $135.76 and its two-hundred day moving average is $133.00.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid 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.