Gunma Bank Ltd. Lowers Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Gunma Bank Ltd. trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 49,000 shares of the company’s stock after selling 8,000 shares during the period. iShares Select Dividend ETF makes up approximately 2.1% of Gunma Bank Ltd.’s portfolio, making the stock its 24th largest holding. Gunma Bank Ltd.’s holdings in iShares Select Dividend ETF were worth $6,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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. boosted its position in shares of iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of iShares Select Dividend ETF during the 3rd quarter worth $36,000. JDM Financial Group LLC raised its stake in shares of 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 buying an additional 75 shares during the last quarter. Weaver Capital Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $43,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $52,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.6 %

NASDAQ:DVY opened at $134.10 on Monday. The company has a market capitalization of $19.93 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09. The stock has a fifty day simple moving average of $134.14 and a 200-day simple moving average of $133.93.

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 paid a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.