iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Retirement Planning Group

Retirement Planning Group decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 7.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 60,612 shares of the company’s stock after selling 4,865 shares during the period. iShares Select Dividend ETF accounts for 1.4% of Retirement Planning Group’s portfolio, making the stock its 14th biggest position. Retirement Planning Group’s holdings in iShares Select Dividend ETF were worth $6,035,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Buffington Mohr McNeal purchased a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at about $25,000. Investors Research Corp increased its holdings in shares of iShares Select Dividend ETF by 2,218.8% in the 2nd quarter. Investors Research Corp now owns 371 shares of the company’s stock valued at $37,000 after purchasing an additional 355 shares in the last quarter. Asset Planning Services Ltd. purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $41,000. Truvestments Capital LLC purchased a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at about $42,000. Finally, Zions Bancorporation N.A. purchased a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at about $44,000.

Shares of DVY traded down $2.62 during trading hours on Monday, reaching $96.14. The company had a trading volume of 16,686 shares, compared to its average volume of 638,500. The firm has a 50 day moving average of $99.94. iShares Select Dividend ETF has a 12-month low of $84.62 and a 12-month high of $102.54.

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.

Recommended Story: Cost of Capital

Want to see what other hedge funds are holding DVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Select Dividend ETF (NASDAQ:DVY).

Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

Receive News & Ratings for iShares Select Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Select Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.