iShares Select Dividend ETF $DVY Stake Trimmed by Northside Capital Management LLC

Northside Capital Management LLC cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 653,983 shares of the company’s stock after selling 5,674 shares during the quarter. iShares Select Dividend ETF accounts for 8.0% of Northside Capital Management LLC’s portfolio, making the stock its largest position. Northside Capital Management LLC owned about 0.44% of iShares Select Dividend ETF worth $92,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parvin Asset Management LLC purchased a new position in shares of iShares Select Dividend ETF in the second quarter worth approximately $27,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $27,000. Total Investment Management Inc. purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $29,000. Kilter Group LLC acquired a new position in iShares Select Dividend ETF in the 2nd quarter worth approximately $31,000. Finally, Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF in the 2nd quarter worth approximately $34,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $145.93 on Friday. The firm’s 50 day moving average price is $152.12 and its two-hundred day moving average price is $145.16. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $160.38. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a $1.1493 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, March 17th.

iShares Select Dividend ETF 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.