Bristlecone Advisors LLC Decreases Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Bristlecone Advisors LLC cut its position in iShares Select Dividend ETF (NASDAQ:DVY) by 11.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,892 shares of the company’s stock after selling 255 shares during the quarter. Bristlecone Advisors LLC’s holdings in iShares Select Dividend ETF were worth $248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management boosted its stake in iShares Select Dividend ETF by 20.8% during the 3rd quarter. Brookstone Capital Management now owns 3,072 shares of the company’s stock valued at $415,000 after acquiring an additional 528 shares during the last quarter. Ritholtz Wealth Management boosted its stake in iShares Select Dividend ETF by 33.7% during the 3rd quarter. Ritholtz Wealth Management now owns 2,678 shares of the company’s stock valued at $362,000 after acquiring an additional 675 shares during the last quarter. Carnegie Investment Counsel boosted its stake in iShares Select Dividend ETF by 2.9% during the 3rd quarter. Carnegie Investment Counsel now owns 12,410 shares of the company’s stock valued at $1,676,000 after acquiring an additional 350 shares during the last quarter. Thomasville National Bank boosted its stake in iShares Select Dividend ETF by 4.3% during the 3rd quarter. Thomasville National Bank now owns 7,347 shares of the company’s stock valued at $992,000 after acquiring an additional 300 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in iShares Select Dividend ETF during the 3rd quarter valued at $36,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $134.38 on Tuesday. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $112.42 and a 12 month high of $144.09. The company’s fifty day moving average price is $134.14 and its two-hundred day moving average price is $133.98.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $1.3164 per share. The ex-dividend date 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.