Investment Advisory Group LLC Cuts Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Investment Advisory Group LLC cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.4% in the 1st quarter, HoldingsChannel reports. The firm owned 13,626 shares of the company’s stock after selling 196 shares during the quarter. Investment Advisory Group LLC’s holdings in iShares Select Dividend ETF were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Transamerica Financial Advisors Inc. bought a new position in iShares Select Dividend ETF during the fourth quarter valued at $27,000. Creative Capital Management Investments LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $33,000. Roxbury Financial LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $38,000. Millstone Evans Group LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $36,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in iShares Select Dividend ETF in the 4th quarter worth about $40,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $131.65 on Monday. The stock has a market capitalization of $19.40 billion, a P/E ratio of 15.12 and a beta of 0.78. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The stock’s 50-day simple moving average is $128.43 and its 200 day simple moving average is $132.65.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were given a $1.0495 dividend. 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.