Simmons Bank Sells 289 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Simmons Bank cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,260 shares of the company’s stock after selling 289 shares during the period. Simmons Bank’s holdings in iShares Select Dividend ETF were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of DVY. Calamos Wealth Management LLC acquired a new position in shares of iShares Select Dividend ETF in the third quarter valued at $279,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of iShares Select Dividend ETF by 5.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,000 shares of the company’s stock worth $2,045,000 after acquiring an additional 1,000 shares during the period. Park Avenue Securities LLC bought a new stake in iShares Select Dividend ETF in the third quarter valued at about $679,000. Catalyst Financial Partners LLC raised its position in iShares Select Dividend ETF by 81.0% in the third quarter. Catalyst Financial Partners LLC now owns 13,405 shares of the company’s stock worth $1,443,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Viewpoint Capital Management LLC lifted its stake in iShares Select Dividend ETF by 7.7% during the third quarter. Viewpoint Capital Management LLC now owns 9,177 shares of the company’s stock worth $988,000 after purchasing an additional 655 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY traded up $0.50 during trading on Tuesday, reaching $122.44. 280,109 shares of the company traded hands, compared to its average volume of 557,266. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $123.43. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 13.25 and a beta of 0.68. The stock’s 50 day moving average price is $119.82 and its two-hundred day moving average price is $115.63.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were paid a $0.9976 dividend. This represents a $3.99 annualized dividend and a yield of 3.26%. The ex-dividend date was Thursday, March 21st.

About iShares Select Dividend ETF

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.