Valmark Advisers Inc. Sells 1,563 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Valmark Advisers Inc. reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,661 shares of the company’s stock after selling 1,563 shares during the period. Valmark Advisers Inc. owned approximately 0.11% of iShares Select Dividend ETF worth $20,962,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in shares of iShares Select Dividend ETF by 17,525.9% in the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after buying an additional 4,348,183 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Select Dividend ETF by 4.6% in the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after buying an additional 64,620 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after buying an additional 7,012 shares in the last quarter. Raymond James & Associates raised its position in shares of iShares Select Dividend ETF by 2.9% in the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock worth $78,940,000 after buying an additional 16,512 shares in the last quarter. Finally, Miller Howard Investments Inc. NY raised its position in shares of iShares Select Dividend ETF by 369.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after buying an additional 392,667 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $135.71 on Friday. iShares Select Dividend ETF has a 52-week low of $114.37 and a 52-week high of $144.09. The company has a market capitalization of $20.17 billion, a PE ratio of 13.25 and a beta of 0.87. The business’s fifty day moving average is $133.58 and its 200 day moving average is $134.12.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $1.3164 dividend. 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.