New England Private Wealth Advisors LLC Sells 14,973 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

New England Private Wealth Advisors LLC trimmed its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 69.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,658 shares of the company’s stock after selling 14,973 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $781,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Florin Court Capital LLP acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $2,930,000. BIP Wealth LLC raised its stake in iShares Select Dividend ETF by 4.0% in the fourth quarter. BIP Wealth LLC now owns 4,942 shares of the company’s stock valued at $579,000 after purchasing an additional 190 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in iShares Select Dividend ETF by 0.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 59,237 shares of the company’s stock valued at $6,944,000 after purchasing an additional 235 shares in the last quarter. Schnieders Capital Management LLC raised its stake in iShares Select Dividend ETF by 59.2% in the fourth quarter. Schnieders Capital Management LLC now owns 6,089 shares of the company’s stock valued at $714,000 after purchasing an additional 2,265 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at about $27,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

DVY stock traded down $0.42 during midday trading on Friday, reaching $119.78. The company had a trading volume of 322,915 shares, compared to its average volume of 573,232. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87. The stock has a 50 day moving average price of $119.11 and a 200-day moving average price of $114.83. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $123.43.

iShares Select Dividend ETF Dividend Announcement

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

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.