NewSquare Capital LLC Lowers Position in iShares Select Dividend ETF (NASDAQ:DVY)

NewSquare Capital LLC reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 52.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,250 shares of the company’s stock after selling 1,400 shares during the period. NewSquare Capital LLC’s holdings in iShares Select Dividend ETF were worth $147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter worth $27,000. Parkside Financial Bank & Trust grew its stake in shares of iShares Select Dividend ETF by 91.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after buying an additional 186 shares during the last quarter. JNBA Financial Advisors increased its holdings in shares of iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after buying an additional 94 shares during the period. Fortitude Family Office LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $57,000. Finally, Financial Connections Group Inc. purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at about $58,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

DVY traded up $0.30 on Wednesday, hitting $120.52. 205,879 shares of the company were exchanged, compared to its average volume of 576,438. The firm has a fifty day simple moving average of $118.80 and a two-hundred day simple moving average of $114.66. The stock has a market capitalization of $18.36 billion, a PE ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend 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.