Hunter Associates Investment Management LLC Lowers Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Hunter Associates Investment Management LLC decreased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,160 shares of the company’s stock after selling 220 shares during the period. Hunter Associates Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $607,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tyler Stone Wealth Management purchased a new position in shares of iShares Select Dividend ETF in the second quarter worth about $28,000. Almanack Investment Partners LLC. purchased a new position in shares of iShares Select Dividend ETF in the third quarter worth about $35,000. Financial Freedom LLC purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $45,000. JNBA Financial Advisors grew its stake in shares of iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after purchasing an additional 94 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded up $1.82 during trading hours on Friday, hitting $118.70. The company’s stock had a trading volume of 565,538 shares, compared to its average volume of 580,696. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43. The business has a 50-day simple moving average of $118.58 and a 200-day simple moving average of $114.31.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were paid a $0.9976 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 annualized dividend and a dividend yield of 3.36%.

iShares Select Dividend ETF 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.