HB Wealth Management LLC Trims Stake in iShares Select Dividend ETF (NASDAQ:DVY)

HB Wealth Management LLC trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,960 shares of the company’s stock after selling 121 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $7,084,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after buying an additional 4,348,183 shares during the period. LPL Financial LLC raised its position in shares of iShares Select Dividend ETF by 4.6% in the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after acquiring an additional 64,620 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Select Dividend ETF by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after acquiring an additional 7,012 shares in the last quarter. Raymond James & Associates lifted its stake in shares of iShares Select Dividend ETF by 2.9% during the 3rd quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock worth $78,940,000 after purchasing an additional 16,512 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in iShares Select Dividend ETF by 0.5% during the third quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock valued at $54,510,000 after purchasing an additional 2,072 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $134.80 on Friday. The company has a market capitalization of $20.47 billion, a PE ratio of 13.25 and a beta of 0.87. The company has a 50-day simple moving average of $135.84 and a two-hundred day simple moving average of $132.81. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF 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.