Trifecta Capital Advisors LLC Sells 165 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Trifecta Capital Advisors LLC trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,215 shares of the company’s stock after selling 165 shares during the period. Trifecta Capital Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,866,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BankPlus Trust Department acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $182,000. Edge Capital Group LLC raised its position in shares of iShares Select Dividend ETF by 22.6% in the 4th quarter. Edge Capital Group LLC now owns 16,313 shares of the company’s stock valued at $2,142,000 after acquiring an additional 3,008 shares during the period. IFP Advisors Inc raised its position in shares of iShares Select Dividend ETF by 122.0% in the 4th quarter. IFP Advisors Inc now owns 38,437 shares of the company’s stock valued at $5,047,000 after acquiring an additional 21,125 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $897,000. Finally, MONECO Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $254,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $136.98 on Tuesday. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm’s 50 day simple moving average is $133.52 and its 200 day simple moving average is $134.63. iShares Select Dividend ETF has a fifty-two week low of $115.02 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared 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.