Phillips Financial Management LLC Sells 961 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Phillips Financial Management LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 37.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,633 shares of the company’s stock after selling 961 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares Select Dividend ETF were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Wealthfront Advisers LLC boosted its stake in iShares Select Dividend ETF by 194,486.4% during the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after acquiring an additional 24,476,112 shares during the last quarter. Raymond James Financial Inc. bought a new position in iShares Select Dividend ETF during the 4th quarter worth approximately $156,322,000. Miller Howard Investments Inc. NY lifted its stake in iShares Select Dividend ETF by 369.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock valued at $65,504,000 after buying an additional 392,667 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $37,869,000 after buying an additional 246,540 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in iShares Select Dividend ETF by 94.0% in the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock valued at $50,416,000 after buying an additional 186,055 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $130.95 on Thursday. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09. The firm’s 50 day moving average price is $134.27 and its two-hundred day moving average price is $135.07. The firm has a market cap of $19.47 billion, a P/E ratio of 16.35 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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