Wedbush Securities Inc. Sells 20,856 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Wedbush Securities Inc. lowered its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 30.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 47,800 shares of the company’s stock after selling 20,856 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Select Dividend ETF were worth $6,276,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DVY. JPMorgan Chase & Co. boosted its holdings in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after acquiring an additional 7,012 shares in the last quarter. ORG Partners LLC lifted its position in shares of 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. Charles Schwab Investment Management Inc. boosted its stake in shares of iShares Select Dividend ETF by 588.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock valued at $37,869,000 after purchasing an additional 246,540 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares Select Dividend ETF by 8.9% during the fourth quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock valued at $209,591,000 after buying an additional 130,573 shares during the period. Finally, Regatta Capital Group LLC raised its stake in iShares Select Dividend ETF by 6.7% in the fourth quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock worth $521,000 after buying an additional 250 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $122.07 on Friday. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The stock’s 50 day simple moving average is $134.31 and its two-hundred day simple moving average is $135.02. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 14.65 and a beta of 0.78.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were given a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.