iShares Select Dividend ETF (NASDAQ:DVY) Position Trimmed by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC trimmed its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,543 shares of the company’s stock after selling 1,498 shares during the period. iShares Select Dividend ETF accounts for 1.1% of Shulman DeMeo Asset Management LLC’s portfolio, making the stock its 8th largest holding. Shulman DeMeo Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $4,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DVY. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares Select Dividend ETF by 340.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of iShares Select Dividend ETF during the third quarter valued at about $36,000. JDM Financial Group LLC increased its holdings in shares of iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares during the last quarter. M&R Capital Management Inc. increased its holdings in shares of iShares Select Dividend ETF by 1,455.0% in the third quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the last quarter. Finally, ORG Partners LLC lifted its position in shares of iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after buying an additional 375 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $133.92 on Friday. The company has a market cap of $20.34 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. The stock’s 50 day simple moving average is $135.98 and its two-hundred day simple moving average is $132.62.

iShares Select Dividend ETF Cuts Dividend

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

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.