Cliftonlarsonallen Wealth Advisors LLC Cuts Position in iShares Select Dividend ETF (NASDAQ:DVY)

Cliftonlarsonallen Wealth Advisors LLC reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 18,595 shares of the company’s stock after selling 345 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DVY. Brown Brothers Harriman & Co. lifted its holdings in shares of iShares Select Dividend ETF by 11.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,339 shares of the company’s stock valued at $646,000 after purchasing an additional 545 shares during the last quarter. One Capital Management LLC increased its position in iShares Select Dividend ETF by 72.0% during the 2nd quarter. One Capital Management LLC now owns 3,910 shares of the company’s stock valued at $473,000 after buying an additional 1,637 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in iShares Select Dividend ETF by 6.8% in the second quarter. Citizens Financial Group Inc. RI now owns 57,160 shares of the company’s stock valued at $6,915,000 after buying an additional 3,652 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in iShares Select Dividend ETF by 7.2% in the second quarter. Moors & Cabot Inc. now owns 5,997 shares of the company’s stock worth $725,000 after acquiring an additional 404 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $223,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.6 %

Shares of DVY traded up $2.15 during mid-day trading on Wednesday, hitting $133.27. 38,170 shares of the company traded hands, compared to its average volume of 445,291. The business has a 50 day moving average of $136.10 and a 200 day moving average of $132.62. The company has a market capitalization of $20.29 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $112.42 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

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.