Fairview Capital Investment Management LLC Sells 1,500 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Fairview Capital Investment Management LLC lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 30.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,476 shares of the company’s stock after selling 1,500 shares during the quarter. Fairview Capital Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $27,000. Creative Capital Management Investments LLC bought a new position in iShares Select Dividend ETF in the fourth quarter valued at about $33,000. Roxbury Financial LLC acquired a new stake in iShares Select Dividend ETF in the fourth quarter valued at approximately $38,000. Finally, Millstone Evans Group LLC bought a new position in iShares Select Dividend ETF in the fourth quarter valued at about $36,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.5 %

Shares of DVY stock opened at $129.75 on Friday. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 14.94 and a beta of 0.87. The stock has a 50-day moving average of $129.22 and a 200-day moving average of $133.46. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed 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 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.