Great Valley Advisor Group Inc. Reduces Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Great Valley Advisor Group Inc. lessened its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,133 shares of the company’s stock after selling 386 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in iShares Select Dividend ETF were worth $719,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in iShares Select Dividend ETF in the fourth quarter worth approximately $27,000. Parkside Financial Bank & Trust raised its holdings in 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 purchasing an additional 186 shares during the period. JNBA Financial Advisors lifted its position in iShares Select Dividend ETF by 26.6% during the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after purchasing an additional 94 shares in the last quarter. Fortitude Family Office LLC bought a new stake in iShares Select Dividend ETF during the fourth quarter valued at about $57,000. Finally, Financial Connections Group Inc. purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth about $58,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.5 %

NASDAQ DVY opened at $121.24 on Friday. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $123.43. The company has a market capitalization of $18.42 billion, a P/E ratio of 12.98 and a beta of 0.87. The stock’s 50-day moving average price is $119.56 and its 200-day moving average price is $115.29.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.9976 per share. This represents a $3.99 annualized dividend and a yield of 3.29%. 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.