BluePointe Capital Management LLC Decreases Position in iShares Select Dividend ETF (NASDAQ:DVY)

BluePointe Capital Management LLC lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.8% during the fourth quarter, Holdings Channel reports. The fund owned 4,340 shares of the company’s stock after selling 420 shares during the period. BluePointe Capital Management LLC’s holdings in iShares Select Dividend ETF were worth $570,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Wilkins Investment Counsel Inc. purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth about $213,000. North Forty Two & Co. purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $555,000. VSM Wealth Advisory LLC acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter worth about $65,000. Horizon Investments LLC increased its stake in shares of iShares Select Dividend ETF by 82,525.0% during the fourth quarter. Horizon Investments LLC now owns 3,305 shares of the company’s stock worth $434,000 after buying an additional 3,301 shares during the period. Finally, Taylor Financial Group Inc. lifted its stake in iShares Select Dividend ETF by 6.8% in the fourth quarter. Taylor Financial Group Inc. now owns 21,621 shares of the company’s stock worth $2,839,000 after acquiring an additional 1,370 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.7 %

NASDAQ DVY opened at $133.84 on Thursday. iShares Select Dividend ETF has a 52 week low of $115.43 and a 52 week high of $144.09. The firm has a 50 day moving average of $134.46 and a two-hundred day moving average of $135.08. The stock has a market capitalization of $19.77 billion, a PE ratio of 15.96 and a beta of 0.88.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 18th will be paid a dividend of $1.0495 per share. The ex-dividend date is Tuesday, March 18th.

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.