MMA Asset Management LLC Sells 14,762 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

MMA Asset Management LLC cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,601 shares of the company’s stock after selling 14,762 shares during the period. iShares Select Dividend ETF makes up approximately 1.6% of MMA Asset Management LLC’s portfolio, making the stock its 17th biggest position. MMA Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $3,755,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 buying an additional 150 shares in the last quarter. Creative Capital Management Investments LLC bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $33,000. Roxbury Financial LLC bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $38,000. JDM Financial Group LLC increased its position in 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 buying an additional 75 shares in the last quarter. Finally, Weaver Capital Management LLC bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $43,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $138.10 on Friday. iShares Select Dividend ETF has a one year low of $115.43 and a one year high of $144.09. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 16.35 and a beta of 0.88. The business has a 50-day simple moving average of $134.00 and a 200 day simple moving average of $134.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared 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 was Tuesday, December 17th.

iShares Select Dividend ETF 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.