Financial Advocates Investment Management Has $1.71 Million Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Financial Advocates Investment Management decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 21.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,463 shares of the company’s stock after selling 3,778 shares during the quarter. Financial Advocates Investment Management’s holdings in iShares Select Dividend ETF were worth $1,706,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DVY. Beacon Financial Advisory LLC lifted its holdings in shares of iShares Select Dividend ETF by 3.3% during the 4th quarter. Beacon Financial Advisory LLC now owns 8,000 shares of the company’s stock valued at $1,050,000 after buying an additional 258 shares during the last quarter. Bleakley Financial Group LLC raised its position in iShares Select Dividend ETF by 352.7% during the fourth quarter. Bleakley Financial Group LLC now owns 20,448 shares of the company’s stock valued at $2,685,000 after acquiring an additional 15,931 shares in the last quarter. YANKCOM Partnership bought a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $368,000. Robertson Stephens Wealth Management LLC grew its position in iShares Select Dividend ETF by 6.9% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 11,960 shares of the company’s stock worth $1,570,000 after acquiring an additional 770 shares in the last quarter. Finally, Inman Jager Wealth Management LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter worth approximately $3,857,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.2 %

iShares Select Dividend ETF stock opened at $134.94 on Friday. iShares Select Dividend ETF has a 1-year low of $112.42 and a 1-year high of $144.09. The firm’s fifty day simple moving average is $134.49 and its 200-day simple moving average is $133.83. The company has a market capitalization of $20.06 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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

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.