MKT Advisors LLC Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

MKT Advisors LLC reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,685 shares of the company’s stock after selling 1,326 shares during the quarter. MKT Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DVY. Evergreen Capital Management LLC purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth about $236,000. Daymark Wealth Partners LLC lifted its position in iShares Select Dividend ETF by 153.2% in the 2nd quarter. Daymark Wealth Partners LLC now owns 6,588 shares of the company’s stock worth $797,000 after buying an additional 3,986 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in iShares Select Dividend ETF by 23.0% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 42,844 shares of the company’s stock worth $5,183,000 after buying an additional 8,020 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in iShares Select Dividend ETF in the second quarter worth approximately $275,000. Finally, NewEdge Advisors LLC grew its position in iShares Select Dividend ETF by 5.6% during the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after acquiring an additional 4,031 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $135.10 on Friday. iShares Select Dividend ETF has a fifty-two week low of $112.42 and a fifty-two week high of $144.09. The firm has a market cap of $20.24 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm has a 50 day moving average price of $135.50 and a 200-day moving average price of $133.23.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a $1.3164 dividend. The ex-dividend date 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.