Park Avenue Securities LLC Lowers Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Park Avenue Securities LLC cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,484 shares of the company’s stock after selling 234 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Select Dividend ETF were worth $1,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Transamerica Financial Advisors Inc. purchased a new position in iShares Select Dividend ETF in the fourth quarter worth $27,000. Creative Capital Management Investments LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $33,000. Millstone Evans Group LLC purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth about $36,000. Roxbury Financial LLC bought a new position in iShares Select Dividend ETF during the fourth quarter valued at about $38,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in iShares Select Dividend ETF during the fourth quarter valued at about $40,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $132.27 on Thursday. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of 15.12 and a beta of 0.78. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The firm’s 50-day simple moving average is $128.64 and its two-hundred day simple moving average is $132.57.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

About iShares Select Dividend ETF

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.