Ellis Investment Partners LLC Sells 6,949 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Ellis Investment Partners LLC trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,615 shares of the company’s stock after selling 6,949 shares during the quarter. iShares Select Dividend ETF makes up 5.6% of Ellis Investment Partners LLC’s portfolio, making the stock its biggest holding. Ellis Investment Partners LLC owned approximately 0.15% of iShares Select Dividend ETF worth $28,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise raised its stake in iShares Select Dividend ETF by 10.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock valued at $108,000 after purchasing an additional 73 shares during the last quarter. JDM Financial Group LLC grew its holdings in shares of iShares Select Dividend ETF by 33.3% during the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after buying an additional 75 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of iShares Select Dividend ETF by 17.9% in the fourth quarter. Richardson Financial Services Inc. now owns 494 shares of the company’s stock valued at $65,000 after buying an additional 75 shares during the last quarter. Unionview LLC lifted its stake in shares of iShares Select Dividend ETF by 0.7% during the third quarter. Unionview LLC now owns 11,151 shares of the company’s stock valued at $1,506,000 after buying an additional 76 shares during the period. Finally, CMG Global Holdings LLC boosted its position in iShares Select Dividend ETF by 0.5% during the third quarter. CMG Global Holdings LLC now owns 17,284 shares of the company’s stock worth $2,335,000 after acquiring an additional 80 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $135.71 on Friday. iShares Select Dividend ETF has a fifty-two week low of $114.37 and a fifty-two week high of $144.09. The company has a market capitalization of $20.17 billion, a PE ratio of 13.25 and a beta of 0.87. The stock has a fifty day moving average of $133.58 and a two-hundred day moving average of $134.12.

iShares Select Dividend ETF Cuts Dividend

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

About iShares Select Dividend ETF

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.