iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Bristlecone Advisors LLC

Bristlecone Advisors LLC lowered its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,892 shares of the company’s stock after selling 255 shares during the period. Bristlecone Advisors LLC’s holdings in iShares Select Dividend ETF were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DVY. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of iShares Select Dividend ETF in the third quarter valued at approximately $36,000. JDM Financial Group LLC raised its position in shares of iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 75 shares during the last quarter. Weaver Capital Management LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $43,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $134.38 on Tuesday. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09. The company has a 50 day moving average price of $134.14 and a 200 day moving average price of $133.98. The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 13.25 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. Investors of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.