Sheets Smith Wealth Management lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,315 shares of the company’s stock after selling 242 shares during the quarter. Sheets Smith Wealth Management’s holdings in iShares Select Dividend ETF were worth $915,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DVY. First Hawaiian Bank increased its holdings in shares of iShares Select Dividend ETF by 3.0% in the first quarter. First Hawaiian Bank now owns 7,628 shares of the company’s stock worth $749,000 after acquiring an additional 221 shares in the last quarter. HCR Wealth Advisors boosted its position in shares of iShares Select Dividend ETF by 119.0% during the first quarter. HCR Wealth Advisors now owns 11,028 shares of the company’s stock worth $1,083,000 after buying an additional 5,993 shares during the period. Trust Co. of Virginia VA acquired a new position in shares of iShares Select Dividend ETF during the first quarter worth about $215,000. First American Bank acquired a new position in shares of iShares Select Dividend ETF during the first quarter worth about $201,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of iShares Select Dividend ETF by 93.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 6,315 shares of the company’s stock worth $564,000 after buying an additional 3,050 shares during the period.
NASDAQ DVY traded up $0.81 during trading hours on Friday, hitting $99.46. 531,594 shares of the company traded hands, compared to its average volume of 694,780. iShares Select Dividend ETF has a twelve month low of $84.62 and a twelve month high of $102.54. The stock has a 50-day simple moving average of $97.63.
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.
Further Reading: Preferred Stock
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