Main Street Financial Solutions LLC Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Main Street Financial Solutions LLC lessened its position in iShares Select Dividend ETF (NASDAQ:DVY) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,873 shares of the company’s stock after selling 913 shares during the quarter. Main Street Financial Solutions LLC’s holdings in iShares Select Dividend ETF were worth $1,690,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in iShares Select Dividend ETF during the 3rd quarter worth $92,000. Tudor Financial Inc. acquired a new position in iShares Select Dividend ETF during the third quarter worth about $324,000. World Investment Advisors LLC grew its stake in iShares Select Dividend ETF by 10.4% during the 3rd quarter. World Investment Advisors LLC now owns 11,354 shares of the company’s stock valued at $1,534,000 after acquiring an additional 1,072 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in iShares Select Dividend ETF by 572.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 20,685 shares of the company’s stock valued at $2,794,000 after acquiring an additional 17,609 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in iShares Select Dividend ETF by 2.2% in the 3rd quarter. Synovus Financial Corp now owns 213,945 shares of the company’s stock worth $28,898,000 after purchasing an additional 4,549 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

DVY stock opened at $125.84 on Wednesday. iShares Select Dividend ETF has a 1 year low of $115.43 and a 1 year high of $144.09. The firm has a market capitalization of $18.68 billion, a PE ratio of 14.65 and a beta of 0.87. The business has a 50 day simple moving average of $132.16 and a 200-day simple moving average of $134.28.

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 issued a $1.0495 dividend. 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.