FineMark National Bank & Trust Sells 310 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

FineMark National Bank & Trust reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,175 shares of the company’s stock after selling 310 shares during the period. FineMark National Bank & Trust’s holdings in iShares Select Dividend ETF were worth $2,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DVY. Great Valley Advisor Group Inc. boosted its position in iShares Select Dividend ETF by 5.9% during the third quarter. Great Valley Advisor Group Inc. now owns 4,892 shares of the company’s stock valued at $661,000 after purchasing an additional 272 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at approximately $314,000. Hancock Whitney Corp grew its stake in shares of iShares Select Dividend ETF by 2.9% in the third quarter. Hancock Whitney Corp now owns 29,115 shares of the company’s stock valued at $3,933,000 after buying an additional 834 shares in the last quarter. Private Trust Co. NA increased its holdings in iShares Select Dividend ETF by 2.7% during the third quarter. Private Trust Co. NA now owns 8,015 shares of the company’s stock worth $1,083,000 after buying an additional 207 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in iShares Select Dividend ETF by 1.6% during the third quarter. D.A. Davidson & CO. now owns 17,269 shares of the company’s stock worth $2,333,000 after acquiring an additional 279 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $133.12 on Wednesday. The company has a market cap of $19.79 billion, a PE ratio of 15.96 and a beta of 0.87. The firm has a 50-day moving average of $134.73 and a 200-day moving average of $135.10. iShares Select Dividend ETF has a one year low of $115.43 and a one year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were issued a dividend of $1.0495 per share. The ex-dividend date was Tuesday, March 18th.

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.