Richwood Investment Advisors LLC Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Richwood Investment Advisors LLC decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,882 shares of the company’s stock after selling 585 shares during the period. iShares Select Dividend ETF comprises about 1.3% of Richwood Investment Advisors LLC’s holdings, making the stock its 15th largest position. Richwood Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of iShares Select Dividend ETF by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after buying an additional 7,012 shares during the last quarter. ORG Partners LLC boosted its position in iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after purchasing an additional 375 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock worth $37,869,000 after purchasing an additional 246,540 shares during the last quarter. Regatta Capital Group LLC boosted its position 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 purchasing an additional 250 shares during the last quarter. Finally, Fulton Bank N.A. boosted its position in iShares Select Dividend ETF by 20.4% in the fourth quarter. Fulton Bank N.A. now owns 26,935 shares of the company’s stock worth $3,536,000 after purchasing an additional 4,568 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.5 %

DVY stock opened at $132.77 on Friday. The stock’s fifty day simple moving average is $134.60 and its two-hundred day simple moving average is $135.07. iShares Select Dividend ETF has a 1-year low of $115.43 and a 1-year high of $144.09. The stock has a market cap of $19.61 billion, a P/E ratio of 15.96 and a beta of 0.88.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders 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 Company 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.