HM Payson & Co. Trims Stake in iShares Select Dividend ETF (NASDAQ:DVY)

HM Payson & Co. trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,915 shares of the company’s stock after selling 298 shares during the quarter. HM Payson & Co.’s holdings in iShares Select Dividend ETF were worth $799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 5.6% during the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock worth $9,164,000 after buying an additional 4,031 shares in the last quarter. Mather Group LLC. boosted its position in iShares Select Dividend ETF by 20.2% during the second quarter. Mather Group LLC. now owns 3,278 shares of the company’s stock worth $404,000 after acquiring an additional 550 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in iShares Select Dividend ETF by 2.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after acquiring an additional 1,041 shares during the period. Fifth Third Securities Inc. raised its holdings in iShares Select Dividend ETF by 1.1% in the 2nd quarter. Fifth Third Securities Inc. now owns 26,939 shares of the company’s stock valued at $3,259,000 after acquiring an additional 294 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of iShares Select Dividend ETF by 12.0% during the 3rd quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after purchasing an additional 455 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.3 %

DVY stock opened at $134.75 on Friday. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The stock’s fifty day simple moving average is $134.07 and its 200-day simple moving average is $127.14. iShares Select Dividend ETF has a 52-week low of $103.76 and a 52-week high of $137.26.

iShares Select Dividend ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were paid a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.