Brookstone Capital Management Cuts Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Brookstone Capital Management trimmed its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,658 shares of the company’s stock after selling 414 shares during the quarter. Brookstone Capital Management’s holdings in iShares Select Dividend ETF were worth $349,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH boosted its stake in iShares Select Dividend ETF by 6.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 5,119 shares of the company’s stock valued at $672,000 after acquiring an additional 300 shares in the last quarter. Winthrop Advisory Group LLC boosted its stake in iShares Select Dividend ETF by 14.3% in the fourth quarter. Winthrop Advisory Group LLC now owns 8,891 shares of the company’s stock valued at $1,167,000 after acquiring an additional 1,112 shares in the last quarter. EWG Elevate Inc. acquired a new stake in iShares Select Dividend ETF in the fourth quarter valued at approximately $3,218,000. Wealth Enhancement Advisory Services LLC boosted its stake in iShares Select Dividend ETF by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 156,559 shares of the company’s stock valued at $21,146,000 after acquiring an additional 3,294 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after acquiring an additional 375 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.7 %

Shares of DVY opened at $134.80 on Friday. The company has a market cap of $20.47 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The company has a 50 day moving average of $135.84 and a two-hundred day moving average of $132.81. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

About iShares Select Dividend ETF

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.