Johnson Investment Counsel Inc. Reduces Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Johnson Investment Counsel Inc. reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,862 shares of the company’s stock after selling 739 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in iShares Select Dividend ETF were worth $3,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DVY. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 buying an additional 150 shares in the last quarter. Creative Capital Management Investments LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $33,000. Roxbury Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $38,000. JDM Financial Group LLC grew its holdings in shares of iShares Select Dividend ETF by 33.3% during 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. Finally, Weaver Capital Management LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $43,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $133.39 on Tuesday. The company has a market cap of $19.83 billion, a PE ratio of 16.35 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.43 and a 12 month high of $144.09. The company has a 50-day simple moving average of $134.27 and a 200-day simple moving average of $135.11.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given 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.