iShares Select Dividend ETF (DVY) Position Reduced by Aviance Capital Management LLC

Aviance Capital Management LLC cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 55.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,770 shares of the company’s stock after selling 53,384 shares during the quarter. Aviance Capital Management LLC’s holdings in iShares Select Dividend ETF were worth $4,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Polaris Greystone Financial Group LLC bought a new position in iShares Select Dividend ETF in the 3rd quarter worth $105,000. Stuart Chaussee & Associates Inc. bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth about $105,000. Gradient Investments LLC bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth about $108,000. Truewealth LLC increased its stake in shares of iShares Select Dividend ETF by 97.0% in the 2nd quarter. Truewealth LLC now owns 1,182 shares of the company’s stock worth $116,000 after acquiring an additional 582 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of iShares Select Dividend ETF in the 3rd quarter worth about $144,000.

Shares of iShares Select Dividend ETF stock opened at $96.02 on Wednesday. iShares Select Dividend ETF has a 1 year low of $91.67 and a 1 year high of $102.54.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Thursday, September 27th were paid a $0.859 dividend. This represents a $3.44 annualized dividend and a dividend yield of 3.58%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, September 26th.

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.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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