Hunter Associates Investment Management LLC Cuts Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Hunter Associates Investment Management LLC trimmed its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,160 shares of the company’s stock after selling 220 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $607,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC increased its holdings in iShares Select Dividend ETF by 107,178.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 75,921,028 shares of the company’s stock valued at $9,156,076,000 after buying an additional 75,850,258 shares during the period. Morgan Stanley increased its holdings in iShares Select Dividend ETF by 12.1% during the fourth quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock valued at $922,406,000 after buying an additional 823,118 shares during the period. Northern Trust Corp grew its holdings in iShares Select Dividend ETF by 3.0% in the third quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock worth $370,994,000 after purchasing an additional 101,996 shares during the last quarter. Royal Bank of Canada grew its holdings in iShares Select Dividend ETF by 2.6% in the third quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock worth $277,635,000 after purchasing an additional 64,326 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in iShares Select Dividend ETF by 12,638.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after purchasing an additional 2,388,510 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ DVY traded up $1.82 on Friday, hitting $118.70. The stock had a trading volume of 565,538 shares, compared to its average volume of 580,696. The business’s fifty day moving average price is $118.58 and its 200 day moving average price is $114.31. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $123.43. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, March 21st.

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.