HBK Sorce Advisory LLC Has $2.93 Million Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

HBK Sorce Advisory LLC trimmed its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 22,350 shares of the company’s stock after selling 196 shares during the quarter. HBK Sorce Advisory LLC’s holdings in iShares Select Dividend ETF were worth $2,934,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of iShares Select Dividend ETF by 340.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Creative Capital Management Investments LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $33,000. Roxbury Financial LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $38,000. JDM Financial Group LLC lifted its stake 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 during the period. Finally, Weaver Capital Management LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $43,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $130.95 on Thursday. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 16.35 and a beta of 0.87. The business’s 50-day moving average is $134.27 and its 200-day moving average is $135.07. iShares Select Dividend ETF has a 1 year low of $115.43 and a 1 year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors 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.

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.