Melfa Wealth Management Inc. Sells 200 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Melfa Wealth Management Inc. lessened its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,900 shares of the company’s stock after selling 200 shares during the period. Melfa Wealth Management Inc.’s holdings in iShares Select Dividend ETF were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DVY. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares Select Dividend ETF by 340.9% in the 4th 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 in the last quarter. ORG Wealth Partners LLC bought a new stake in iShares Select Dividend ETF in the 3rd quarter worth approximately $36,000. JDM Financial Group LLC boosted its stake in iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after buying an additional 75 shares in the last quarter. M&R Capital Management Inc. grew its position in iShares Select Dividend ETF by 1,455.0% during the third quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock valued at $42,000 after acquiring an additional 291 shares during the last quarter. Finally, ORG Partners LLC raised its stake in shares of iShares Select Dividend ETF by 331.9% during the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after acquiring an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $136.14 on Wednesday. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09. The company has a fifty day moving average of $135.76 and a 200-day moving average of $133.00. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.