Arbor Investment Advisors LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 9.4% in the 1st quarter, Holdings Channel reports. The firm owned 3,556 shares of the company’s stock after selling 371 shares during the quarter. Arbor Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $349,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC raised its holdings in iShares Select Dividend ETF by 26.7% in the 1st quarter. Ropes Wealth Advisors LLC now owns 1,971 shares of the company’s stock worth $194,000 after acquiring an additional 415 shares during the period. Sabal Trust CO increased its holdings in shares of iShares Select Dividend ETF by 6.2% during the 1st quarter. Sabal Trust CO now owns 3,590 shares of the company’s stock worth $352,000 after purchasing an additional 210 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of iShares Select Dividend ETF during the 1st quarter worth about $21,497,000. First Citizens Bank & Trust Co. increased its holdings in shares of iShares Select Dividend ETF by 14.8% during the 1st quarter. First Citizens Bank & Trust Co. now owns 17,037 shares of the company’s stock worth $1,673,000 after purchasing an additional 2,191 shares during the period. Finally, Stone House Investment Management LLC bought a new position in shares of iShares Select Dividend ETF during the 1st quarter worth about $57,000.
Shares of DVY stock traded down $0.40 during trading hours on Monday, reaching $100.17. 644,079 shares of the company were exchanged, compared to its average volume of 883,608. iShares Select Dividend ETF has a fifty-two week low of $84.62 and a fifty-two week high of $102.54.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 21st were given a dividend of $0.8712 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, March 20th.
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.
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