Blue Trust Inc. Decreases Position in iShares Select Dividend ETF (NASDAQ:DVY)

Blue Trust Inc. lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 34.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,035 shares of the company’s stock after selling 532 shares during the quarter. Blue Trust Inc.’s holdings in iShares Select Dividend ETF were worth $136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DVY. Thurston Springer Miller Herd & Titak Inc. raised its position in iShares Select Dividend ETF by 340.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. JDM Financial Group LLC boosted its holdings in iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares in the last quarter. Weaver Capital Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $43,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Select Dividend ETF during the fourth quarter worth $52,000. Finally, Financial Life Planners purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $136.69 on Friday. The stock has a market cap of $20.32 billion, a PE ratio of 13.25 and a beta of 0.87. The business’s fifty day moving average price is $133.51 and its two-hundred day moving average price is $134.33. iShares Select Dividend ETF has a one year low of $115.02 and a one year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date of this dividend 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.