SRS Capital Advisors Inc. Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

SRS Capital Advisors Inc. decreased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,568 shares of the company’s stock after selling 1,497 shares during the period. SRS Capital Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $3,751,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DVY. Thurston Springer Miller Herd & Titak Inc. increased its position in iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Creative Capital Management Investments LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $33,000. Roxbury Financial LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $38,000. JDM Financial Group LLC increased its position in iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares during the period. Finally, Weaver Capital Management LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $138.10 on Friday. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The stock has a market capitalization of $20.43 billion, a P/E ratio of 16.35 and a beta of 0.88. The company’s 50-day simple moving average is $134.00 and its 200-day simple moving average is $134.87.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $1.3164 dividend. 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.