Pine Valley Investments Ltd Liability Co Reduces Position in iShares Select Dividend ETF (NASDAQ:DVY)

Pine Valley Investments Ltd Liability Co decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 13.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,253 shares of the company’s stock after selling 336 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in iShares Select Dividend ETF were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of DVY. Miller Howard Investments Inc. NY boosted its holdings in iShares Select Dividend ETF by 369.5% in the 4th 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 during the period. Private Advisor Group LLC lifted its position in shares of iShares Select Dividend ETF by 94.0% during the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock worth $50,416,000 after acquiring an additional 186,055 shares in the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of iShares Select Dividend ETF by 1,439.1% in the fourth quarter. Gilman Hill Asset Management LLC now owns 161,377 shares of the company’s stock worth $21,187,000 after acquiring an additional 150,892 shares during the period. LPL Financial LLC grew 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 valued at $197,989,000 after purchasing an additional 64,620 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of iShares Select Dividend ETF by 3.9% during the 4th quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock valued at $156,902,000 after purchasing an additional 44,508 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $136.78 on Thursday. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09. The stock’s 50-day simple moving average is $133.73 and its 200 day simple moving average is $134.72. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date 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.