iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Ironwood Wealth Management LLC.

Ironwood Wealth Management LLC. lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,711 shares of the company’s stock after selling 499 shares during the quarter. iShares Select Dividend ETF comprises 1.5% of Ironwood Wealth Management LLC.’s portfolio, making the stock its 26th largest position. Ironwood Wealth Management LLC.’s holdings in iShares Select Dividend ETF were worth $4,796,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Transamerica Financial Advisors Inc. acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at about $27,000. Creative Capital Management Investments LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter valued at about $33,000. Millstone Evans Group LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter valued at about $36,000. Roxbury Financial LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter valued at about $38,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in iShares Select Dividend ETF in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $132.54 on Wednesday. The company has a market capitalization of $19.53 billion, a P/E ratio of 15.12 and a beta of 0.78. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09. The stock has a 50-day moving average price of $128.44 and a 200 day moving average price of $132.57.

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 $1.0495 dividend. 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.