Kapstone Financial Advisors LLC Lowers Position in iShares Select Dividend ETF (NASDAQ:DVY)

Kapstone Financial Advisors LLC cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,578 shares of the company’s stock after selling 180 shares during the period. iShares Select Dividend ETF comprises about 2.1% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 10th largest position. Kapstone Financial Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DVY. Paradigm Financial Partners LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at $216,000. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in iShares Select Dividend ETF by 2.2% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 90,134 shares of the company’s stock valued at $10,566,000 after acquiring an additional 1,935 shares during the period. Valmark Advisers Inc. grew its position in iShares Select Dividend ETF by 0.3% in the fourth quarter. Valmark Advisers Inc. now owns 216,115 shares of the company’s stock valued at $25,333,000 after acquiring an additional 675 shares during the period. Raab & Moskowitz Asset Management LLC boosted its stake in iShares Select Dividend ETF by 16.4% in the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 25,638 shares of the company’s stock worth $3,005,000 after purchasing an additional 3,621 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in iShares Select Dividend ETF by 5.9% in the fourth quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock worth $176,469,000 after purchasing an additional 84,251 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock traded down $0.42 on Friday, reaching $119.78. The company’s stock had a trading volume of 322,915 shares, compared to its average volume of 573,232. The company has a market cap of $18.20 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87. The business’s fifty day moving average price is $119.11 and its 200 day moving average price is $114.89. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $123.43.

iShares Select Dividend ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, March 21st.

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.