Clark Capital Management Group Inc. Has $566,000 Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Clark Capital Management Group Inc. reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 28.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,310 shares of the company’s stock after selling 1,740 shares during the quarter. Clark Capital Management Group Inc.’s holdings in iShares Select Dividend ETF were worth $566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares Select Dividend ETF by 340.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $27,000. Creative Capital Management Investments LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at about $33,000. Roxbury Financial LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter worth about $38,000. Finally, Millstone Evans Group LLC bought a new position in iShares Select Dividend ETF during the fourth quarter worth about $36,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Down 0.1 %

DVY stock opened at $129.63 on Friday. The firm has a market cap of $19.17 billion, a P/E ratio of 14.94 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The business’s 50 day moving average is $129.14 and its 200-day moving average is $133.42.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were paid a dividend of $1.0495 per share. The ex-dividend date was Tuesday, March 18th.

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.