Capital Investment Advisors LLC Trims Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Capital Investment Advisors LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,230 shares of the company’s stock after selling 1,836 shares during the quarter. Capital Investment Advisors LLC owned approximately 0.08% of iShares Select Dividend ETF worth $16,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Transamerica Financial Advisors Inc. purchased a new position in iShares Select Dividend ETF in the fourth quarter worth $27,000. Creative Capital Management Investments LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $33,000. Millstone Evans Group LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $36,000. Roxbury Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $38,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $131.65 on Friday. The firm has a market cap of $19.40 billion, a P/E ratio of 15.12 and a beta of 0.78. The business’s 50 day moving average price is $128.43 and its 200-day moving average price is $132.70. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were issued a dividend of $1.0495 per share. The ex-dividend date was Tuesday, March 18th.

iShares Select Dividend ETF Company 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.