Principal Securities Inc. Reduces Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Principal Securities Inc. cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,702 shares of the company’s stock after selling 277 shares during the period. Principal Securities Inc.’s holdings in iShares Select Dividend ETF were worth $2,193,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in iShares Select Dividend ETF by 340.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. Roxbury Financial LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $38,000. JDM Financial Group LLC raised its position in shares of iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares in the last quarter. Weaver Capital Management LLC acquired a new stake in iShares Select Dividend ETF in the fourth quarter valued at $43,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $52,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

DVY stock opened at $135.71 on Tuesday. The firm has a fifty day moving average price of $133.58 and a two-hundred day moving average price of $134.18. iShares Select Dividend ETF has a 1-year low of $114.37 and a 1-year high of $144.09. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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