Ledyard National Bank Sells 375 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Ledyard National Bank cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,365 shares of the company’s stock after selling 375 shares during the period. Ledyard National Bank’s holdings in iShares Select Dividend ETF were worth $836,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DVY. JPMorgan Chase & Co. boosted its holdings in iShares Select Dividend ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after acquiring an additional 7,012 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of 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 valued at $6,461,000 after purchasing an additional 1,041 shares during the period. Global Retirement Partners LLC boosted its stake in shares of iShares Select Dividend ETF by 12.0% during the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock valued at $572,000 after purchasing an additional 455 shares during the period. ORG Partners LLC grew its holdings 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 worth $64,000 after purchasing an additional 375 shares during the last quarter. Finally, Regatta Capital Group LLC increased its stake in shares of iShares Select Dividend ETF by 6.7% in the fourth quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock worth $521,000 after buying an additional 250 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.2 %

Shares of DVY opened at $134.94 on Friday. The stock has a market capitalization of $20.06 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09. The firm has a fifty day simple moving average of $134.49 and a two-hundred day simple moving average of $133.83.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced 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 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.