Global Trust Asset Management LLC Decreases Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Global Trust Asset Management LLC trimmed its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 27.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,171 shares of the company’s stock after selling 5,048 shares during the period. iShares Select Dividend ETF makes up approximately 1.1% of Global Trust Asset Management LLC’s holdings, making the stock its 19th biggest holding. Global Trust Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $1,769,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Transamerica Financial Advisors Inc. purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $27,000. Creative Capital Management Investments LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at $33,000. Millstone Evans Group LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at $36,000. Murphy & Mullick Capital Management Corp purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at $40,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $130.68 on Tuesday. The stock’s fifty day moving average is $129.39 and its 200 day moving average is $132.17. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The firm has a market capitalization of $19.33 billion, a PE ratio of 15.12 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 16th will be issued a dividend of $1.2333 per share. This represents a $4.93 annualized dividend and a yield of 3.77%. The ex-dividend date is Monday, June 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93.

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.