iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,505 shares of the company’s stock after selling 4,934 shares during the quarter. SRS Capital Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $3,928,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DVY. GAMMA Investing LLC purchased a new stake in iShares Select Dividend ETF in the 4th quarter valued at approximately $27,000. Parkside Financial Bank & Trust boosted its stake in shares of iShares Select Dividend ETF by 91.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after buying an additional 186 shares in the last quarter. JNBA Financial Advisors grew its holdings in iShares Select Dividend ETF by 26.6% during the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after acquiring an additional 94 shares during the period. Fortitude Family Office LLC acquired a new position in iShares Select Dividend ETF during the fourth quarter worth $57,000. Finally, Financial Connections Group Inc. purchased a new position in iShares Select Dividend ETF in the fourth quarter worth $58,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock traded up $0.51 during midday trading on Thursday, reaching $120.48. The company’s stock had a trading volume of 244,422 shares, compared to its average volume of 563,452. The firm has a market capitalization of $18.32 billion, a PE ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $123.43. The stock’s 50 day simple moving average is $119.38 and its 200 day simple moving average is $115.16.

iShares Select Dividend ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were paid a $0.9976 dividend. This represents a $3.99 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, March 21st.

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.