Signet Financial Management LLC Trims Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Signet Financial Management LLC reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,558 shares of the company’s stock after selling 114 shares during the period. Signet Financial Management LLC’s holdings in iShares Select Dividend ETF were worth $1,355,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DVY. Moneta Group Investment Advisors LLC increased its holdings in iShares Select Dividend ETF by 107,178.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 75,921,028 shares of the company’s stock valued at $9,156,076,000 after buying an additional 75,850,258 shares during the period. International Assets Investment Management LLC increased its holdings in iShares Select Dividend ETF by 12,638.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after buying an additional 2,388,510 shares during the period. Sowell Financial Services LLC increased its holdings in iShares Select Dividend ETF by 7,874.8% during the first quarter. Sowell Financial Services LLC now owns 1,287,928 shares of the company’s stock valued at $113,110,000 after buying an additional 1,271,778 shares during the period. Morgan Stanley grew its holdings in iShares Select Dividend ETF by 12.1% in the fourth quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock worth $922,406,000 after purchasing an additional 823,118 shares during the last quarter. Finally, Comerica Bank purchased a new position in iShares Select Dividend ETF in the third quarter worth $61,160,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.9 %

NASDAQ DVY opened at $115.73 on Wednesday. The firm’s fifty day simple moving average is $118.38 and its two-hundred day simple moving average is $114.19. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $123.43. The firm has a market capitalization of $17.75 billion, a P/E ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.9976 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 annualized dividend and a dividend yield of 3.45%.

About iShares Select Dividend ETF

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.