Parsons Capital Management Inc. RI Lowers Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Parsons Capital Management Inc. RI cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,137 shares of the company’s stock after selling 86 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares Select Dividend ETF were worth $412,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DVY. NewEdge Advisors LLC grew its stake in iShares Select Dividend ETF by 5.6% in the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after purchasing an additional 4,031 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares Select Dividend ETF by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after buying an additional 7,012 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of iShares Select Dividend ETF by 2.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after buying an additional 1,041 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of iShares Select Dividend ETF by 12.0% during the 3rd quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after acquiring an additional 455 shares in the last quarter. Finally, ORG Partners LLC lifted its position in iShares Select Dividend ETF by 331.9% during the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after acquiring an additional 375 shares during the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Down 0.9 %

NASDAQ DVY opened at $134.96 on Wednesday. The firm’s fifty day simple moving average is $135.44 and its two-hundred day simple moving average is $133.49. The firm has a market capitalization of $20.22 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $112.42 and a 12-month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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

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.