iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. cut its position in iShares Select Dividend ETF (NASDAQ:DVYFree Report) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,230 shares of the company’s stock after selling 6,269 shares during the quarter. Paulson Wealth Management Inc.’s holdings in iShares Select Dividend ETF were worth $1,082,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC purchased a new position in shares of iShares Select Dividend ETF during the third quarter worth approximately $681,000. Financial Counselors Inc. increased its stake in iShares Select Dividend ETF by 6.6% in the third quarter. Financial Counselors Inc. now owns 15,572 shares of the company’s stock valued at $1,676,000 after purchasing an additional 965 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of iShares Select Dividend ETF by 10.6% in the third quarter. Kestra Private Wealth Services LLC now owns 8,920 shares of the company’s stock valued at $960,000 after buying an additional 857 shares during the last quarter. Western Wealth Management LLC raised its holdings in shares of iShares Select Dividend ETF by 8.8% in the third quarter. Western Wealth Management LLC now owns 23,677 shares of the company’s stock valued at $2,549,000 after buying an additional 1,923 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of iShares Select Dividend ETF by 1.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 8,783 shares of the company’s stock worth $945,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.9 %

DVY stock traded up $2.38 during trading on Friday, hitting $124.47. The company had a trading volume of 490,015 shares, compared to its average volume of 531,851. The firm has a 50-day moving average price of $121.57 and a 200-day moving average price of $117.82. The firm has a market cap of $18.91 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $125.99.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Thursday, March 21st.

iShares Select Dividend ETF Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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