Patriot Investment Management Group Inc. Decreases Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Patriot Investment Management Group Inc. trimmed its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,603 shares of the company’s stock after selling 378 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in iShares Select Dividend ETF were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in iShares Select Dividend ETF by 5.6% in the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock worth $9,164,000 after purchasing an additional 4,031 shares during the period. JPMorgan Chase & Co. lifted its position in iShares Select Dividend ETF by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares during the period. Sequoia Financial Advisors LLC lifted its position in iShares Select Dividend ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock valued at $6,461,000 after purchasing an additional 1,041 shares during the period. Global Retirement Partners LLC boosted its holdings in iShares Select Dividend ETF by 12.0% in the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after purchasing an additional 455 shares during the last quarter. Finally, ORG Partners LLC grew its position in iShares Select Dividend ETF by 331.9% in the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $134.31 on Friday. The stock has a market capitalization of $20.39 billion, a price-to-earnings 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. The business’s fifty day moving average price is $135.63 and its 200-day moving average price is $133.12.

iShares Select Dividend ETF Cuts Dividend

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

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.