Arthur M. Cohen & Associates LLC Reduces Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Arthur M. Cohen & Associates LLC trimmed its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,549 shares of the company’s stock after selling 373 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in iShares Select Dividend ETF were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of iShares Select Dividend ETF by 5.6% during the 2nd quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after purchasing an additional 4,031 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $186,510,000 after buying an additional 7,012 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in iShares Select Dividend ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock valued at $6,461,000 after buying an additional 1,041 shares during the period. Global Retirement Partners LLC increased its holdings in iShares Select Dividend ETF by 12.0% during the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock valued at $572,000 after buying an additional 455 shares during the last quarter. Finally, ORG Partners LLC raised its position in iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after acquiring an additional 375 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $134.80 on Friday. iShares Select Dividend ETF has a 1-year low of $112.42 and a 1-year high of $144.09. The company’s fifty day simple moving average is $135.84 and its 200-day simple moving average is $132.73. The stock has a market capitalization of $20.47 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date of this dividend 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.