Sanctuary Advisors LLC Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Sanctuary Advisors LLC reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,783 shares of the company’s stock after selling 6,313 shares during the period. Sanctuary Advisors LLC’s holdings in iShares Select Dividend ETF were worth $5,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DVY. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of iShares Select Dividend ETF by 340.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Roxbury Financial LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter valued at $38,000. JDM Financial Group LLC raised its stake in iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 75 shares in the last quarter. Weaver Capital Management LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth about $43,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth about $52,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $137.71 on Thursday. The stock’s 50-day simple moving average is $133.50 and its 200-day simple moving average is $134.29. The firm has a market capitalization of $20.47 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $114.88 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.