Kovack Advisors Inc. Sells 946 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Kovack Advisors Inc. trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY – Get Rating) by 29.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,303 shares of the company’s stock after selling 946 shares during the period. Kovack Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $278,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Command Bank raised its position in shares of iShares Select Dividend ETF by 167.4% in the 4th quarter. First Command Bank now owns 238 shares of the company’s stock worth $29,000 after acquiring an additional 149 shares in the last quarter. Fiduciary Alliance LLC bought a new position in shares of iShares Select Dividend ETF in the 4th quarter worth $30,000. MADDEN SECURITIES Corp bought a new position in shares of iShares Select Dividend ETF in the 4th quarter worth $36,000. Almanack Investment Partners LLC. bought a new position in shares of iShares Select Dividend ETF in the 3rd quarter worth $35,000. Finally, Kistler Tiffany Companies LLC raised its position in shares of iShares Select Dividend ETF by 1,836.8% in the 4th quarter. Kistler Tiffany Companies LLC now owns 368 shares of the company’s stock worth $44,000 after acquiring an additional 349 shares in the last quarter. 43.99% of the stock is owned by institutional investors.

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iShares Select Dividend ETF Trading Down 0.1 %

DVY opened at $114.25 on Friday. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $105.59 and a 12 month high of $128.05. The stock has a fifty day moving average price of $111.95 and a 200-day moving average price of $115.28.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, June 8th were paid a dividend of $0.8164 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $3.27 annualized dividend and a yield of 2.86%.

iShares Select Dividend ETF Profile

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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.

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