RMR Wealth Builders Lowers Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

RMR Wealth Builders reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 24.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,925 shares of the company’s stock after selling 639 shares during the period. RMR Wealth Builders’ holdings in iShares Select Dividend ETF were worth $259,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings in iShares Select Dividend ETF by 194,486.4% in the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after acquiring an additional 24,476,112 shares during the last quarter. Wells Fargo & Company MN raised its holdings in iShares Select Dividend ETF by 5.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,875,784 shares of the company’s stock worth $508,852,000 after acquiring an additional 183,589 shares during the last quarter. Royal Bank of Canada raised its stake in iShares Select Dividend ETF by 4.5% during the 4th quarter. Royal Bank of Canada now owns 2,346,687 shares of the company’s stock valued at $308,096,000 after buying an additional 100,103 shares during the last quarter. Bank of New York Mellon Corp raised its stake in 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 valued at $247,059,000 after buying an additional 13,228 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in iShares Select Dividend ETF by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock valued at $222,563,000 after buying an additional 314,358 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 1.1%

Shares of DVY opened at $131.19 on Friday. The firm has a market cap of $19.40 billion, a PE ratio of 15.12 and a beta of 0.87. The firm has a fifty day simple moving average of $129.14 and a two-hundred day simple moving average of $132.41. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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

About iShares Select Dividend ETF

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.