Optimum Investment Advisors Sells 499 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Optimum Investment Advisors trimmed its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 12.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,457 shares of the company’s stock after selling 499 shares during the period. Optimum Investment Advisors’ holdings in iShares Select Dividend ETF were worth $454,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Wealthfront Advisers LLC grew its stake in iShares Select Dividend ETF by 194,486.4% during the fourth quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after buying an additional 24,476,112 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of iShares Select Dividend ETF by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock worth $247,059,000 after acquiring an additional 13,228 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after acquiring an additional 7,012 shares during the last quarter. Truist Financial Corp raised its position in iShares Select Dividend ETF by 3.9% during the fourth quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock valued at $156,902,000 after purchasing an additional 44,508 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in iShares Select Dividend ETF during the fourth quarter worth $156,322,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $132.77 on Friday. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 15.96 and a beta of 0.88. The business’s fifty day moving average is $134.60 and its 200-day moving average is $135.07.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were given a $1.0495 dividend. 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.