iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Castle Wealth Management LLC

Castle Wealth Management LLC reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,300 shares of the company’s stock after selling 1,011 shares during the period. Castle Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tyler Stone Wealth Management bought a new stake in shares of iShares Select Dividend ETF during the second quarter valued at approximately $28,000. Almanack Investment Partners LLC. bought a new stake in shares of iShares Select Dividend ETF during the third quarter valued at approximately $35,000. Financial Freedom LLC bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $45,000. JNBA Financial Advisors raised its holdings in shares of iShares Select Dividend ETF by 26.6% during the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after buying an additional 94 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $57,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 1.6 %

NASDAQ:DVY traded up $1.82 during midday trading on Friday, hitting $118.70. 565,524 shares of the stock were exchanged, compared to its average volume of 580,696. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $123.43. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 12.98 and a beta of 0.75. The business has a 50-day moving average price of $118.58 and a two-hundred day moving average price of $114.31.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were issued a $0.9976 dividend. The ex-dividend date was Thursday, March 21st. This represents a $3.99 annualized dividend and a dividend yield of 3.36%.

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.