iShares Select Dividend ETF (NASDAQ:DVY) Position Lowered by MAI Capital Management

MAI Capital Management reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,305 shares of the company’s stock after selling 1,724 shares during the quarter. MAI Capital Management’s holdings in iShares Select Dividend ETF were worth $11,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Addison Advisors LLC lifted its position in shares of iShares Select Dividend ETF by 107.1% in the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock worth $28,000 after buying an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in iShares Select Dividend ETF during the second quarter worth about $30,000. ORG Partners LLC bought a new position in iShares Select Dividend ETF in the second quarter worth about $32,000. Family Firm Inc. acquired a new position in iShares Select Dividend ETF in the second quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of iShares Select Dividend ETF during the third quarter valued at approximately $36,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Up 0.6 %

Shares of iShares Select Dividend ETF stock opened at $139.16 on Tuesday. iShares Select Dividend ETF has a twelve month low of $109.15 and a twelve month high of $139.90. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The business’s 50 day simple moving average is $135.12 and its 200-day simple moving average is $128.80.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were paid a $1.5496 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

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.