Breakwater Investment Management Decreases Position in iShares Select Dividend ETF (NASDAQ:DVY)

Breakwater Investment Management decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,558 shares of the company’s stock after selling 524 shares during the quarter. Breakwater Investment Management’s holdings in iShares Select Dividend ETF were worth $205,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in iShares Select Dividend ETF by 5.6% in the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock worth $9,164,000 after purchasing an additional 4,031 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Select Dividend ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after acquiring an additional 7,012 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in iShares Select Dividend ETF by 2.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock valued at $6,461,000 after acquiring an additional 1,041 shares during the period. Global Retirement Partners LLC grew its position in iShares Select Dividend ETF by 12.0% in the 3rd quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock valued at $572,000 after acquiring an additional 455 shares during the last quarter. Finally, ORG Partners LLC grew its position in iShares Select Dividend ETF by 331.9% in the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after acquiring an additional 375 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.7 %

NASDAQ:DVY opened at $134.80 on Tuesday. The company has a market cap of $20.47 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09. The stock has a fifty day simple moving average of $135.84 and a 200-day simple moving average of $132.90.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.