Highland Capital Management LLC Sells 2,096 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Highland Capital Management LLC cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,023 shares of the company’s stock after selling 2,096 shares during the period. Highland Capital Management LLC’s holdings in iShares Select Dividend ETF were worth $5,864,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in shares of iShares Select Dividend ETF by 340.7% during the 1st quarter. Citigroup Inc. now owns 16,028 shares of the company’s stock worth $2,054,000 after acquiring an additional 12,391 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter worth about $2,396,000. First Western Trust Bank acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter worth about $1,188,000. Prudential Financial Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter worth about $205,000. Finally, Worth Asset Management LLC acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter worth about $177,000. 47.25% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Up 2.3 %

Shares of iShares Select Dividend ETF stock opened at $122.44 on Thursday. The stock has a market capitalization of $19.33 billion, a P/E ratio of 11.69 and a beta of 0.87. The company has a 50-day simple moving average of $116.80 and a 200 day simple moving average of $113.21. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $122.45.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were given a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, March 21st.

iShares Select Dividend ETF Company 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.