Steel Grove Capital Advisors LLC Sells 2,319 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Steel Grove Capital Advisors LLC cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 41.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,220 shares of the company’s stock after selling 2,319 shares during the period. Steel Grove Capital Advisors LLC’s holdings in iShares Select Dividend ETF were worth $423,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in iShares Select Dividend ETF by 17.8% in the fourth quarter. Hsbc Holdings PLC now owns 17,174 shares of the company’s stock valued at $2,255,000 after acquiring an additional 2,597 shares in the last quarter. Stifel Financial Corp raised its stake in iShares Select Dividend ETF by 10.7% in the fourth quarter. Stifel Financial Corp now owns 306,725 shares of the company’s stock worth $40,270,000 after buying an additional 29,703 shares in the last quarter. Tradition Wealth Management LLC lifted its holdings in iShares Select Dividend ETF by 35.3% in the fourth quarter. Tradition Wealth Management LLC now owns 35,305 shares of the company’s stock worth $4,635,000 after buying an additional 9,207 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in iShares Select Dividend ETF by 304.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 85,419 shares of the company’s stock valued at $11,209,000 after acquiring an additional 64,309 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of iShares Select Dividend ETF by 16.3% during the 4th quarter. MML Investors Services LLC now owns 40,646 shares of the company’s stock worth $5,336,000 after acquiring an additional 5,707 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 1.8 %

DVY opened at $123.60 on Tuesday. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The stock has a market cap of $18.36 billion, a PE ratio of 14.65 and a beta of 0.87. The business has a 50 day moving average of $131.40 and a 200-day moving average of $134.02.

iShares Select Dividend ETF Cuts Dividend

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