KFG Wealth Management LLC Sells 271 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

KFG Wealth Management LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,106 shares of the company’s stock after selling 271 shares during the quarter. KFG Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $599,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC raised its stake in iShares Select Dividend ETF by 107,178.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 75,921,028 shares of the company’s stock valued at $9,156,076,000 after purchasing an additional 75,850,258 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of iShares Select Dividend ETF by 12,638.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after acquiring an additional 2,388,510 shares during the period. Sowell Financial Services LLC raised its stake in shares of iShares Select Dividend ETF by 7,874.8% in the first quarter. Sowell Financial Services LLC now owns 1,287,928 shares of the company’s stock valued at $113,110,000 after acquiring an additional 1,271,778 shares during the period. Morgan Stanley raised its stake in shares of iShares Select Dividend ETF by 12.1% in the fourth quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock valued at $922,406,000 after acquiring an additional 823,118 shares during the period. Finally, Comerica Bank purchased a new stake in shares of iShares Select Dividend ETF in the third quarter valued at $61,160,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY traded up $1.82 during midday trading on Friday, hitting $118.70. The stock had a trading volume of 565,524 shares, compared to its average volume of 580,696. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $123.43. The firm has a market cap of $18.08 billion, a PE ratio of 12.98 and a beta of 0.75. The stock’s 50 day moving average is $118.49 and its 200 day moving average is $114.22.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a $0.9976 dividend. This represents a $3.99 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Thursday, March 21st.

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.