iShares Select Dividend ETF (NASDAQ:DVY) Stock Holdings Trimmed by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lessened its position in iShares Select Dividend ETF (NASDAQ:DVY) by 4.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,223 shares of the company’s stock after selling 190 shares during the period. Parsons Capital Management Inc. RI’s holdings in iShares Select Dividend ETF were worth $520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 raised 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 buying an additional 186 shares in the last quarter. JNBA Financial Advisors raised 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 buying an additional 94 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth $49,000. Finally, ZRC Wealth Management LLC raised its stake in shares of iShares Select Dividend ETF by 154.7% in the 1st quarter. ZRC Wealth Management LLC now owns 456 shares of the company’s stock worth $55,000 after buying an additional 277 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY traded down $0.42 during midday trading on Friday, reaching $119.78. The stock had a trading volume of 322,915 shares, compared to its average volume of 573,232. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $123.43. The firm’s 50 day moving average price is $119.11 and its 200-day moving average price is $114.94. The company has a market capitalization of $18.20 billion, a P/E ratio of 12.98 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid 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 was Thursday, March 21st.

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.