MV Capital Management Inc. Cuts Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

MV Capital Management Inc. reduced its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,882 shares of the company’s stock after selling 147 shares during the quarter. MV Capital Management Inc.’s holdings in iShares Select Dividend ETF were worth $4,448,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DVY. Transamerica Financial Advisors Inc. purchased a new stake in iShares Select Dividend ETF in the 4th quarter worth $27,000. Orion Portfolio Solutions LLC grew its position in shares of iShares Select Dividend ETF by 61.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 52,545 shares of the company’s stock valued at $6,899,000 after purchasing an additional 20,063 shares during the period. Moment Partners LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $34,741,000. JPMorgan Chase & Co. raised its position in shares of iShares Select Dividend ETF by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after purchasing an additional 314,358 shares during the last quarter. Finally, Worth Financial Advisory Group LLC lifted its stake in iShares Select Dividend ETF by 13.1% in the 4th quarter. Worth Financial Advisory Group LLC now owns 1,819 shares of the company’s stock valued at $239,000 after buying an additional 210 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.8 %

NASDAQ:DVY opened at $132.74 on Friday. The stock has a 50 day moving average of $134.70 and a two-hundred day moving average of $135.09. iShares Select Dividend ETF has a 12 month low of $115.43 and a 12 month high of $144.09. The firm has a market cap of $19.73 billion, a P/E ratio of 15.96 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a $1.0495 dividend. The ex-dividend date was Tuesday, March 18th.

iShares Select Dividend ETF 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.