Ballew Advisors Inc Lowers Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Ballew Advisors Inc trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 20.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,513 shares of the company’s stock after selling 1,151 shares during the period. Ballew Advisors Inc’s holdings in iShares Select Dividend ETF were worth $520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CGC Financial Services LLC purchased a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $27,000. Tyler Stone Wealth Management purchased a new stake in iShares Select Dividend ETF during the second quarter valued at about $28,000. Almanack Investment Partners LLC. purchased a new position in shares of iShares Select Dividend ETF in the third quarter worth about $35,000. Financial Freedom LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $45,000. Finally, JNBA Financial Advisors grew its stake in iShares Select Dividend ETF by 26.6% in the 3rd quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 47.25% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY traded up $0.74 during trading hours on Thursday, hitting $123.18. The company had a trading volume of 530,723 shares, compared to its average volume of 601,642. The firm has a 50 day simple moving average of $116.97 and a 200 day simple moving average of $113.27. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $123.43. The firm has a market capitalization of $19.45 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were paid a dividend of $0.9976 per share. This represents a $3.99 annualized dividend and a yield of 3.24%. The ex-dividend date was Thursday, March 21st.

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.