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

Parsons Capital Management Inc. RI reduced its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,223 shares of the company’s stock after selling 190 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares Select Dividend ETF were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at $27,000. Parkside Financial Bank & Trust increased its stake in iShares Select Dividend ETF by 91.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 186 shares during the last quarter. JNBA Financial Advisors increased its stake in iShares Select Dividend ETF by 26.6% during the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after acquiring an additional 94 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in iShares Select Dividend ETF during the fourth quarter worth about $49,000. Finally, ZRC Wealth Management LLC increased its stake in iShares Select Dividend ETF by 154.7% during the first quarter. ZRC Wealth Management LLC now owns 456 shares of the company’s stock worth $55,000 after acquiring an additional 277 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.3 %

NASDAQ:DVY traded down $0.42 on Friday, hitting $119.78. 322,915 shares of the stock were exchanged, compared to its average volume of 573,232. The stock has a market cap of $18.20 billion, a PE ratio of 12.98 and a beta of 0.87. The stock has a fifty day moving average of $119.11 and a 200-day moving average of $114.94. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.9976 per share. The ex-dividend date was Thursday, March 21st. This represents a $3.99 annualized dividend and a yield of 3.33%.

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.