iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,137 shares of the company’s stock after selling 86 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares Select Dividend ETF were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in DVY. Thurston Springer Miller Herd & Titak Inc. lifted its position in iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of iShares Select Dividend ETF during the third quarter worth about $36,000. JDM Financial Group LLC boosted its position in iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 75 shares during the last quarter. M&R Capital Management Inc. increased its holdings in iShares Select Dividend ETF by 1,455.0% in the 3rd quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock worth $42,000 after buying an additional 291 shares during the period. Finally, ORG Partners LLC increased its holdings in iShares Select Dividend ETF by 331.9% in the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after buying an additional 375 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.9 %

Shares of NASDAQ DVY opened at $134.96 on Wednesday. The company has a 50 day simple moving average of $135.44 and a two-hundred day simple moving average of $133.49. The stock has a market cap of $20.22 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 $112.42 and a 12 month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.