Traynor Capital Management Inc. Decreases Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Traynor Capital Management Inc. decreased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 22.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,136 shares of the company’s stock after selling 5,498 shares during the quarter. Traynor Capital Management Inc.’s holdings in iShares Select Dividend ETF were worth $2,512,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in shares of iShares Select Dividend ETF by 5.6% during the 2nd 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 period. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 7,012 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of iShares Select Dividend ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after buying an additional 1,041 shares in the last quarter. Global Retirement Partners LLC raised its stake in iShares Select Dividend ETF by 12.0% in the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock valued at $572,000 after buying an additional 455 shares in the last quarter. Finally, ORG Partners LLC increased its stake in iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $134.01 on Thursday. The stock’s 50-day moving average is $135.72 and its two-hundred day moving average is $133.11. The firm has a market cap of $20.35 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $1.3164 per share. The ex-dividend date of this dividend 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.