Flagship Private Wealth LLC Cuts Position in iShares Select Dividend ETF (NASDAQ:DVY)

Flagship Private Wealth LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 12.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,036 shares of the company’s stock after selling 281 shares during the quarter. Flagship Private Wealth LLC’s holdings in iShares Select Dividend ETF were worth $273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock worth $37,869,000 after purchasing an additional 246,540 shares during the period. LPL Financial LLC grew its holdings in iShares Select Dividend ETF by 8.9% in the fourth quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock worth $209,591,000 after purchasing an additional 130,573 shares during the period. Accredited Investors Inc. grew its holdings in iShares Select Dividend ETF by 37.3% in the fourth quarter. Accredited Investors Inc. now owns 3,141 shares of the company’s stock worth $412,000 after purchasing an additional 853 shares during the period. Private Trust Co. NA grew its holdings in iShares Select Dividend ETF by 1.5% in the fourth quarter. Private Trust Co. NA now owns 8,136 shares of the company’s stock worth $1,068,000 after purchasing an additional 121 shares during the period. Finally, Worth Financial Advisory Group LLC grew its holdings in iShares Select Dividend ETF by 13.1% in the fourth quarter. Worth Financial Advisory Group LLC now owns 1,819 shares of the company’s stock worth $239,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $131.65 on Friday. The stock has a market cap of $19.40 billion, a PE ratio of 15.12 and a beta of 0.78. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The firm’s 50-day simple moving average is $128.43 and its two-hundred day simple moving average is $132.70.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were issued a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.