Melfa Wealth Management Inc. Sells 200 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Melfa Wealth Management Inc. decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,900 shares of the company’s stock after selling 200 shares during the period. Melfa Wealth Management Inc.’s holdings in iShares Select Dividend ETF were worth $249,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVY. NewEdge Advisors LLC grew its stake in iShares Select Dividend ETF by 5.6% in the 2nd quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after buying an additional 4,031 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 2.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock valued at $6,461,000 after purchasing an additional 1,041 shares during the period. Global Retirement Partners LLC raised its stake in shares of iShares Select Dividend ETF by 12.0% during the 3rd quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock valued at $572,000 after purchasing an additional 455 shares during the period. Finally, ORG Partners LLC lifted its holdings in iShares Select Dividend ETF by 331.9% during the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after purchasing an additional 375 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 1.0 %

Shares of DVY opened at $136.14 on Wednesday. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09. The stock has a market cap of $20.67 billion, a PE ratio of 13.25 and a beta of 0.87. The business’s 50-day moving average price is $135.76 and its 200-day moving average price is $133.00.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $1.3164 per share. 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.