Viewpoint Capital Management LLC Sells 539 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Viewpoint Capital Management LLC reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,643 shares of the company’s stock after selling 539 shares during the quarter. Viewpoint Capital Management LLC’s holdings in iShares Select Dividend ETF were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its position in shares of iShares Select Dividend ETF by 2.1% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after purchasing an additional 88 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of iShares Select Dividend ETF by 0.6% in the third quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock worth $1,730,000 after purchasing an additional 96 shares during the last quarter. Access Financial Services Inc. raised its stake in iShares Select Dividend ETF by 0.5% in the fourth quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock valued at $2,272,000 after purchasing an additional 96 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in iShares Select Dividend ETF by 3.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after purchasing an additional 96 shares during the last quarter. Finally, HCR Wealth Advisors grew its stake in iShares Select Dividend ETF by 3.1% in the 4th quarter. HCR Wealth Advisors now owns 3,286 shares of the company’s stock worth $385,000 after buying an additional 98 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.5 %

Shares of NASDAQ DVY traded up $0.65 during trading hours on Friday, reaching $120.98. 321,555 shares of the stock traded hands, compared to its average volume of 517,879. The company’s 50-day simple moving average is $121.98 and its two-hundred day simple moving average is $119.07. The company has a market capitalization of $18.38 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $125.99.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, June 11th.

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.