iShares Select Dividend ETF $DVY Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lowered its position in iShares Select Dividend ETF (NASDAQ:DVY) by 6.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 56,680 shares of the company’s stock after selling 3,968 shares during the period. Beaumont Financial Advisors LLC’s holdings in iShares Select Dividend ETF were worth $8,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DVY. Bank of America Corp DE increased its holdings in shares of iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in iShares Select Dividend ETF by 526.0% during the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after purchasing an additional 152,417 shares in the last quarter. UBS Group AG grew its holdings in iShares Select Dividend ETF by 10.0% in the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock valued at $164,130,000 after purchasing an additional 104,866 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in iShares Select Dividend ETF in the third quarter valued at $8,718,000. Finally, MML Investors Services LLC increased its position in shares of iShares Select Dividend ETF by 157.2% in the second quarter. MML Investors Services LLC now owns 86,631 shares of the company’s stock valued at $11,505,000 after buying an additional 52,952 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.4%

NASDAQ:DVY opened at $151.66 on Friday. The company has a market capitalization of $22.32 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $160.38. The stock has a fifty day simple moving average of $152.63 and a 200-day simple moving average of $145.66.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a dividend of $1.1493 per share. This represents a $4.60 annualized dividend and a yield of 3.0%. The ex-dividend date 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.