iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Castle Wealth Management LLC

Castle Wealth Management LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,142 shares of the company’s stock after selling 158 shares during the period. Castle Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF in the third quarter valued at approximately $36,000. JDM Financial Group LLC boosted its stake 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 in the last quarter. Weaver Capital Management LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $43,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake 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 Price Performance

iShares Select Dividend ETF stock opened at $134.48 on Thursday. The stock’s 50 day moving average price is $133.88 and its 200 day moving average price is $134.06. The company has a market cap of $19.99 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $112.42 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date 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.