Harbour Investments Inc. Sells 370 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Harbour Investments Inc. decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,297 shares of the company’s stock after selling 370 shares during the quarter. Harbour Investments Inc.’s holdings in iShares Select Dividend ETF were worth $1,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in iShares Select Dividend ETF by 340.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Creative Capital Management Investments LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter worth approximately $33,000. Roxbury Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $38,000. JDM Financial Group LLC lifted its position in shares of iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after buying an additional 75 shares during the last quarter. Finally, Weaver Capital Management LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $132.97 on Wednesday. The stock has a market capitalization of $19.64 billion, a P/E ratio of 15.96 and a beta of 0.88. iShares Select Dividend ETF has a 1 year low of $115.43 and a 1 year high of $144.09. The company’s fifty day moving average is $134.40 and its two-hundred day moving average is $135.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th will be issued a $1.0495 dividend. The ex-dividend date of this dividend is 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.