Patten & Patten Inc. TN Trims Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Patten & Patten Inc. TN trimmed its stake in shares of iShares Select Dividend ETF (NASDAQ:DVYFree Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,818 shares of the company’s stock after selling 330 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares Select Dividend ETF were worth $916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CGC Financial Services LLC purchased a new stake in iShares Select Dividend ETF during the 2nd quarter worth about $27,000. Tyler Stone Wealth Management purchased a new stake in iShares Select Dividend ETF during the 2nd quarter valued at approximately $28,000. Almanack Investment Partners LLC. purchased a new stake in iShares Select Dividend ETF during the 3rd quarter valued at approximately $35,000. Financial Freedom LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at approximately $45,000. Finally, JNBA Financial Advisors increased its position in iShares Select Dividend ETF by 26.6% during the 3rd quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after purchasing an additional 94 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.5 %

NASDAQ DVY opened at $121.70 on Wednesday. The stock has a market capitalization of $19.22 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87. The business’s 50 day moving average is $117.46 and its two-hundred day moving average is $113.48. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Thursday, March 21st.

About iShares Select Dividend ETF

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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