MMA Asset Management LLC Sells 933 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

MMA Asset Management LLC decreased its position in shares of iShares Select Dividend ETF (NASDAQ:DVYFree Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,760 shares of the company’s stock after selling 933 shares during the quarter. iShares Select Dividend ETF makes up 1.3% of MMA Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. MMA Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $2,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC grew its stake in shares of iShares Select Dividend ETF by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 15,392 shares of the company’s stock worth $1,804,000 after acquiring an additional 533 shares during the period. Glassman Wealth Services lifted its holdings in iShares Select Dividend ETF by 6.4% during the 4th quarter. Glassman Wealth Services now owns 2,567 shares of the company’s stock worth $301,000 after purchasing an additional 154 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in iShares Select Dividend ETF by 20.0% during the 4th quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock worth $897,000 after purchasing an additional 1,278 shares in the last quarter. Founders Financial Alliance LLC lifted its holdings in iShares Select Dividend ETF by 22.5% during the 4th quarter. Founders Financial Alliance LLC now owns 2,753 shares of the company’s stock worth $323,000 after purchasing an additional 505 shares in the last quarter. Finally, Congress Wealth Management LLC DE purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth about $518,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.6 %

DVY traded up $0.78 during trading on Friday, reaching $123.18. 214,707 shares of the company were exchanged, compared to its average volume of 538,435. The company’s 50-day moving average is $121.36 and its two-hundred day moving average is $117.35. The company has a market cap of $18.72 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $125.99.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a dividend of $0.9976 per share. The ex-dividend date of this dividend 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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