KFG Wealth Management LLC Sells 194 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

KFG Wealth Management LLC trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,102 shares of the company’s stock after selling 194 shares during the quarter. KFG Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in iShares Select Dividend ETF by 17,525.9% during the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after acquiring an additional 4,348,183 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after purchasing an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares in the last quarter. Raymond James & Associates increased its stake in iShares Select Dividend ETF by 2.9% in the 3rd quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after buying an additional 16,512 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in iShares Select Dividend ETF by 0.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock worth $54,510,000 after buying an additional 2,072 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $135.10 on Friday. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09. The firm has a 50-day moving average of $135.50 and a 200-day moving average of $133.23.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $1.3164 per share. 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.