RWA Wealth Partners LLC Decreases Stake in iShares Select Dividend ETF (NASDAQ:DVY)

RWA Wealth Partners LLC trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,915 shares of the company’s stock after selling 98 shares during the quarter. RWA Wealth Partners LLC’s holdings in iShares Select Dividend ETF were worth $1,162,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DVY. JNBA Financial Advisors boosted its holdings in 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 acquiring an additional 94 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $57,000. Financial Connections Group Inc. bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $58,000. Friedenthal Financial bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $65,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $65,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $120.92 on Thursday. The company has a market cap of $18.37 billion, a P/E ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $123.43. The stock’s fifty day moving average price is $118.94 and its 200-day moving average price is $114.70.

iShares Select Dividend ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Thursday, March 21st.

About iShares Select Dividend ETF

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.