Capital Analysts LLC Sells 3,500 Shares of iShares Select Dividend ETF $DVY

Capital Analysts LLC lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 12.5% in the fourth quarter, Holdings Channel reports. The firm owned 24,583 shares of the company’s stock after selling 3,500 shares during the period. Capital Analysts LLC’s holdings in iShares Select Dividend ETF were worth $3,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position in iShares Select Dividend ETF by 5.2% during the third quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after purchasing an additional 16,296 shares during the period. Advisory Services Network LLC boosted its position in iShares Select Dividend ETF by 11.8% during the third quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after purchasing an additional 13,536 shares during the period. Caprock Group LLC bought a new stake in iShares Select Dividend ETF during the third quarter worth approximately $459,000. American Wealth Advisors LLC bought a new stake in iShares Select Dividend ETF during the third quarter worth approximately $1,884,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of iShares Select Dividend ETF in the third quarter valued at approximately $8,718,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.3%

DVY opened at $156.06 on Thursday. iShares Select Dividend ETF has a 1-year low of $129.36 and a 1-year high of $160.38. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The business has a 50 day moving average of $153.28 and a 200-day moving average of $149.97.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed 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 2.9%. The ex-dividend date of this dividend was Tuesday, March 17th.

iShares Select Dividend ETF Company 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.