Park Avenue Securities LLC Reduces Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Park Avenue Securities LLC reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,771 shares of the company’s stock after selling 928 shares during the period. Park Avenue Securities LLC’s holdings in iShares Select Dividend ETF were worth $711,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 2.1% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after purchasing an additional 88 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in iShares Select Dividend ETF by 0.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock worth $1,730,000 after buying an additional 96 shares during the last quarter. Access Financial Services Inc. grew its position in shares of iShares Select Dividend ETF by 0.5% in the 4th quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock worth $2,272,000 after acquiring an additional 96 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of iShares Select Dividend ETF by 3.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after acquiring an additional 96 shares during the last quarter. Finally, HCR Wealth Advisors raised its position in shares of iShares Select Dividend ETF by 3.1% during the 4th quarter. HCR Wealth Advisors now owns 3,286 shares of the company’s stock valued at $385,000 after acquiring an additional 98 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $120.33 on Friday. The stock has a market capitalization of $18.28 billion, a PE ratio of 13.25 and a beta of 0.87. The business’s fifty day moving average price is $121.86 and its 200 day moving average price is $119.02. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $125.99.

iShares Select Dividend ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were given a $0.9304 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.09%.

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.