Linscomb & Williams Inc. Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Linscomb & Williams Inc. reduced its position in iShares Select Dividend ETF (NASDAQ:DVYFree Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,135 shares of the company’s stock after selling 10,349 shares during the period. Linscomb & Williams Inc.’s holdings in iShares Select Dividend ETF were worth $9,276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC purchased a new stake in iShares Select Dividend ETF during the 3rd quarter valued at $681,000. Corient Private Wealth LLC increased its position in iShares Select Dividend ETF by 7.1% during the third quarter. Corient Private Wealth LLC now owns 108,527 shares of the company’s stock valued at $11,682,000 after acquiring an additional 7,182 shares during the last quarter. Signaturefd LLC lifted its holdings in iShares Select Dividend ETF by 30.0% in the third quarter. Signaturefd LLC now owns 1,864 shares of the company’s stock valued at $201,000 after acquiring an additional 430 shares during the period. NBC Securities Inc. purchased a new position in iShares Select Dividend ETF in the third quarter worth about $1,505,000. Finally, Avantax Planning Partners Inc. grew its stake in shares of iShares Select Dividend ETF by 1.9% during the 3rd quarter. Avantax Planning Partners Inc. now owns 7,482 shares of the company’s stock valued at $805,000 after purchasing an additional 136 shares during the period. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded up $0.78 during midday trading on Friday, hitting $123.18. 214,707 shares of the company’s stock traded hands, compared to its average volume of 538,435. The firm has a fifty day moving average of $121.36 and a 200 day moving average of $117.27. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $125.99. The stock has a market capitalization of $18.72 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.9976 per share. The ex-dividend date was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a yield of 3.24%.

iShares Select Dividend ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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