iShares Select Dividend ETF (NASDAQ:DVY) Stake Cut by Harbour Investments Inc.

Harbour Investments Inc. reduced its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,297 shares of the company’s stock after selling 370 shares during the period. Harbour Investments Inc.’s holdings in iShares Select Dividend ETF were worth $1,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC raised its stake in shares of iShares Select Dividend ETF by 194,486.4% in the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after acquiring an additional 24,476,112 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares Select Dividend ETF by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock valued at $247,059,000 after acquiring an additional 13,228 shares during the last quarter. LPL Financial LLC lifted its stake in 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 valued at $197,989,000 after buying an additional 64,620 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares Select Dividend ETF by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after purchasing an additional 7,012 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of iShares Select Dividend ETF by 3.9% during the fourth quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock worth $156,902,000 after buying an additional 44,508 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 1.1 %

Shares of NASDAQ DVY opened at $132.97 on Wednesday. The company has a market capitalization of $19.64 billion, a P/E ratio of 15.96 and a beta of 0.88. The stock has a 50 day moving average of $134.40 and a 200-day moving average of $135.09. iShares Select Dividend ETF has a 12 month low of $115.43 and a 12 month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th will be paid a $1.0495 dividend. The ex-dividend date is Tuesday, March 18th.

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.