AE Wealth Management LLC Reduces Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

AE Wealth Management LLC lowered its position in iShares Select Dividend ETF (NASDAQ:DVY) by 9.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 8,247 shares of the company’s stock after selling 834 shares during the period. AE Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Asset Advisory Services LLC raised its stake in shares of iShares Select Dividend ETF by 1.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock valued at $894,000 after buying an additional 107 shares during the last quarter. Dodds Wealth LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $909,000. Brookstone Capital Management lifted its holdings in iShares Select Dividend ETF by 3.9% in the first quarter. Brookstone Capital Management now owns 2,752 shares of the company’s stock valued at $339,000 after acquiring an additional 103 shares during the period. NBC Securities Inc. boosted its position in iShares Select Dividend ETF by 2.2% in the 1st quarter. NBC Securities Inc. now owns 14,097 shares of the company’s stock worth $1,736,000 after purchasing an additional 299 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of iShares Select Dividend ETF by 20.2% during the 2nd quarter. Mather Group LLC. now owns 3,278 shares of the company’s stock worth $404,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $135.59 on Wednesday. The company has a 50 day moving average price of $130.52 and a 200-day moving average price of $124.59. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $136.36. The firm has a market cap of $20.16 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

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.