Massmutual Trust Co. FSB ADV Sells 2,422 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Massmutual Trust Co. FSB ADV decreased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 40.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,568 shares of the company’s stock after selling 2,422 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in iShares Select Dividend ETF were worth $440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. lifted its position in iShares Select Dividend ETF by 20.0% during the 4th quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock valued at $897,000 after acquiring an additional 1,278 shares during the period. TIAA Trust National Association lifted its stake in iShares Select Dividend ETF by 4.7% during the 4th quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock valued at $1,140,000 after acquiring an additional 437 shares during the period. Park Place Capital Corp lifted its position in iShares Select Dividend ETF by 1.6% during the fourth quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after purchasing an additional 129 shares during the period. Ledge Wealth Management Inc. bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $202,000. Finally, Fonville Wealth Management LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $518,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.6 %

Shares of NASDAQ:DVY opened at $120.69 on Friday. The stock has a market capitalization of $18.34 billion, a PE ratio of 13.25 and a beta of 0.87. The firm’s 50 day moving average price is $121.50 and its 200-day moving average price is $118.78. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $125.99.

iShares Select Dividend ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were given a $0.9304 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 annualized dividend and a yield of 3.08%.

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.