Abbrea Capital LLC Sells 300 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Abbrea Capital LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,673 shares of the company’s stock after selling 300 shares during the quarter. Abbrea Capital LLC’s holdings in iShares Select Dividend ETF were worth $1,134,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth $27,000. Parkside Financial Bank & Trust grew its stake in shares of iShares Select Dividend ETF by 91.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 186 shares in the last quarter. JNBA Financial Advisors grew its stake in shares of iShares Select Dividend ETF by 26.6% in the 3rd quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after acquiring an additional 94 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth $57,000. Finally, Financial Connections Group Inc. bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth $58,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY traded down $0.42 during trading on Friday, hitting $119.78. 322,915 shares of the company’s stock traded hands, compared to its average volume of 573,232. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $123.43. The business has a 50 day moving average of $119.03 and a 200-day moving average of $114.74.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend 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.