SageView Advisory Group LLC Lowers Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

SageView Advisory Group LLC reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 90.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,328 shares of the company’s stock after selling 22,142 shares during the quarter. SageView Advisory Group LLC’s holdings in iShares Select Dividend ETF were worth $273,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $27,000. Parkside Financial Bank & Trust increased its holdings in iShares Select Dividend ETF by 91.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after buying an additional 186 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $49,000. Fortitude Family Office LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $57,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $58,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.6 %

NASDAQ DVY opened at $120.69 on Friday. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The stock has a 50-day moving average of $121.50 and a 200 day moving average of $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 Announces Dividend

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

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.