Charles Schwab Trust Co Lowers Position in iShares Select Dividend ETF (NASDAQ:DVY)

Charles Schwab Trust Co reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,216 shares of the company’s stock after selling 2,212 shares during the quarter. Charles Schwab Trust Co’s holdings in iShares Select Dividend ETF were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DVY. Bartlett & CO. Wealth Management LLC raised its position in iShares Select Dividend ETF by 2.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 7,548 shares of the company’s stock valued at $889,000 after purchasing an additional 156 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of iShares Select Dividend ETF by 1,049.0% in the fourth quarter. GSA Capital Partners LLP now owns 22,211 shares of the company’s stock worth $2,604,000 after buying an additional 20,278 shares during the period. Clarity Asset Management Inc. acquired a new position in iShares Select Dividend ETF during the 4th quarter worth approximately $67,000. Taylor Financial Group Inc. purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $1,970,000. Finally, Able Wealth Management LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter worth about $796,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY traded up $1.25 during mid-day trading on Friday, hitting $134.05. The company had a trading volume of 142,314 shares, compared to its average volume of 464,593. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $136.36. The firm’s 50 day simple moving average is $131.80 and its two-hundred day simple moving average is $125.67. The stock has a market cap of $20.05 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.