Vicus Capital Trims Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Vicus Capital trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,881 shares of the company’s stock after selling 98 shares during the period. Vicus Capital’s holdings in iShares Select Dividend ETF were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 valued at $25,000 after purchasing an additional 150 shares in the last quarter. JDM Financial Group LLC grew its holdings in shares of iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares in the last quarter. Weaver Capital Management LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $43,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $52,000. Finally, Financial Life Planners acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $58,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $135.71 on Friday. The stock has a market capitalization of $20.17 billion, a P/E ratio of 13.25 and a beta of 0.87. The company has a 50 day moving average price of $133.66 and a 200 day moving average price of $134.08. iShares Select Dividend ETF has a fifty-two week low of $114.37 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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

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.