iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,105 shares of the company’s stock after selling 795 shares during the period. Highland Capital Management LLC’s holdings in iShares Select Dividend ETF were worth $6,316,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DVY. Sanctuary Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the second quarter valued at about $5,769,000. Passive Capital Management LLC. bought a new position in shares of iShares Select Dividend ETF during the second quarter worth about $302,000. M&R Capital Management Inc. lifted its position in shares of iShares Select Dividend ETF by 1,455.0% during the third quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new position in shares of iShares Select Dividend ETF during the third quarter worth about $2,058,000. Finally, Park Avenue Securities LLC lifted its position in shares of iShares Select Dividend ETF by 51.6% during the third quarter. Park Avenue Securities LLC now owns 8,617 shares of the company’s stock worth $1,164,000 after purchasing an additional 2,934 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $134.65 on Thursday. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09. The company’s 50-day simple moving average is $135.36 and its 200-day simple moving average is $133.56. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF Company 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.