WFA Asset Management Corp Reduces Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

WFA Asset Management Corp lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 49.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,011 shares of the company’s stock after selling 4,949 shares during the quarter. iShares Select Dividend ETF comprises about 0.3% of WFA Asset Management Corp’s holdings, making the stock its 26th largest position. WFA Asset Management Corp’s holdings in iShares Select Dividend ETF were worth $617,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Trexquant Investment LP increased its stake in shares of iShares Select Dividend ETF by 156.8% during the 3rd quarter. Trexquant Investment LP now owns 7,838 shares of the company’s stock worth $844,000 after purchasing an additional 4,786 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of iShares Select Dividend ETF by 7.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 196,532 shares of the company’s stock worth $21,155,000 after purchasing an additional 13,765 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in iShares Select Dividend ETF in the 3rd quarter worth approximately $815,000. Lido Advisors LLC grew its stake in iShares Select Dividend ETF by 17.9% in the 3rd quarter. Lido Advisors LLC now owns 73,386 shares of the company’s stock worth $7,899,000 after acquiring an additional 11,125 shares during the period. Finally, Legacy Advisors LLC purchased a new stake in iShares Select Dividend ETF in the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.0 %

Shares of NASDAQ DVY traded down $0.06 during trading on Wednesday, hitting $120.73. 101,262 shares of the company traded hands, compared to its average volume of 512,469. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $125.99. The company has a 50-day moving average price of $122.00 and a 200-day moving average price of $119.15. The firm has a market capitalization of $18.34 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 annualized dividend 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.