Axxcess Wealth Management LLC Cuts Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Axxcess Wealth Management LLC cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 17.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,960 shares of the company’s stock after selling 1,498 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $914,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. Creative Capital Management Investments LLC acquired a new position in iShares Select Dividend ETF in the 4th quarter valued at $33,000. Roxbury Financial LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at $38,000. JDM Financial Group LLC boosted its stake in iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares during the last quarter. Finally, Weaver Capital Management LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $43,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.3 %

NASDAQ:DVY opened at $133.48 on Friday. The company has a market cap of $19.71 billion, a P/E ratio of 15.96 and a beta of 0.88. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09. The company’s 50-day moving average price is $134.51 and its 200-day moving average price is $135.07.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th will be paid a $1.0495 dividend. The ex-dividend date is Tuesday, March 18th.

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.