Lbmc Investment Advisors LLC Reduces Position in iShares Select Dividend ETF (NASDAQ:DVY)

Lbmc Investment Advisors LLC trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.2% during the 1st quarter, HoldingsChannel reports. The fund owned 231,157 shares of the company’s stock after selling 2,696 shares during the quarter. iShares Select Dividend ETF comprises 2.4% of Lbmc Investment Advisors LLC’s holdings, making the stock its 7th biggest position. Lbmc Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $31,042,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Harbor Investment Advisory LLC boosted its holdings in iShares Select Dividend ETF by 1.0% in the first quarter. Harbor Investment Advisory LLC now owns 12,618 shares of the company’s stock worth $1,694,000 after acquiring an additional 123 shares in the last quarter. Roxbury Financial LLC lifted its holdings in shares of iShares Select Dividend ETF by 39.5% during the first quarter. Roxbury Financial LLC now owns 367 shares of the company’s stock valued at $51,000 after purchasing an additional 104 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of iShares Select Dividend ETF by 105,930.8% during the first quarter. NBC Securities Inc. now owns 13,784 shares of the company’s stock valued at $1,851,000 after purchasing an additional 13,771 shares in the last quarter. Fiduciary Alliance LLC bought a new position in shares of iShares Select Dividend ETF during the first quarter valued at $205,000. Finally, JGP Wealth Management LLC lifted its holdings in shares of iShares Select Dividend ETF by 5.4% during the first quarter. JGP Wealth Management LLC now owns 84,180 shares of the company’s stock valued at $11,305,000 after purchasing an additional 4,329 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

DVY stock opened at $131.14 on Monday. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The business’s 50-day moving average is $128.71 and its two-hundred day moving average is $132.93. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 15.12 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were issued a $1.0495 dividend. 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.