Berkshire Asset Management LLC PA Reduces Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Berkshire Asset Management LLC PA decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,849 shares of the company’s stock after selling 989 shares during the period. Berkshire Asset Management LLC PA’s holdings in iShares Select Dividend ETF were worth $2,682,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. increased its stake in iShares Select Dividend ETF by 2.4% in the 3rd quarter. QRG Capital Management Inc. now owns 8,011 shares of the company’s stock worth $1,082,000 after acquiring an additional 189 shares during the last quarter. United Advisor Group LLC bought a new position in iShares Select Dividend ETF in the 3rd quarter worth about $305,000. Radnor Capital Management LLC bought a new position in iShares Select Dividend ETF in the 3rd quarter worth about $230,000. Concurrent Investment Advisors LLC increased its stake in iShares Select Dividend ETF by 4.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,191 shares of the company’s stock worth $701,000 after acquiring an additional 237 shares during the last quarter. Finally, Forte Capital LLC ADV purchased a new position in shares of iShares Select Dividend ETF during the 3rd quarter valued at about $246,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.6 %

Shares of NASDAQ DVY opened at $132.98 on Friday. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 16.35 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $115.43 and a 1-year high of $144.09. The stock’s 50-day moving average is $134.17 and its 200 day moving average is $134.99.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a $1.3164 dividend. 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.