Trust Point Inc. Decreases Position in iShares Select Dividend ETF (NASDAQ:DVY)

Trust Point Inc. reduced its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,775 shares of the company’s stock after selling 465 shares during the period. Trust Point Inc.’s holdings in iShares Select Dividend ETF were worth $1,283,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of iShares Select Dividend ETF during the third quarter valued at about $36,000. JDM Financial Group LLC raised its stake in shares of iShares Select Dividend ETF by 33.3% during the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after acquiring an additional 75 shares during the last quarter. Financial Life Planners bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at about $58,000. Finally, ORG Partners LLC raised 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 worth $64,000 after buying an additional 375 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

DVY stock opened at $134.25 on Tuesday. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09. The company has a market cap of $19.98 billion, a P/E ratio of 13.25 and a beta of 0.87. The firm has a 50-day moving average of $135.03 and a 200 day moving average of $133.73.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed 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.