iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,842 shares of the company’s stock after selling 1,571 shares during the quarter. Stephens Inc. AR’s holdings in iShares Select Dividend ETF were worth $2,474,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DVY. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in iShares Select Dividend ETF during the 3rd quarter worth about $36,000. JDM Financial Group LLC raised its stake in iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares during the last quarter. Weaver Capital Management LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $43,000. Finally, Financial Life Planners acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $135.21 on Wednesday. The company has a 50-day simple moving average of $133.99 and a 200-day simple moving average of $134.02. The company has a market cap of $20.10 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $112.42 and a 12 month high of $144.09.

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 issued a $1.3164 dividend. 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.