Destination Wealth Management Trims Stake in iShares Trust (ISTB)

Destination Wealth Management lowered its holdings in shares of iShares Trust (NASDAQ:ISTB) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 327,957 shares of the company’s stock after selling 17,456 shares during the quarter. Destination Wealth Management’s holdings in iShares Trust were worth $16,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lee Financial Co increased its position in shares of iShares Trust by 32.4% during the 4th quarter. Lee Financial Co now owns 286,881 shares of the company’s stock valued at $14,295,000 after purchasing an additional 70,122 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of iShares Trust by 16.0% during the 4th quarter. Wells Fargo & Company MN now owns 248,783 shares of the company’s stock valued at $12,396,000 after purchasing an additional 34,340 shares during the last quarter. Northstar Investment Advisors LLC increased its holdings in iShares Trust by 20.7% in the 4th quarter. Northstar Investment Advisors LLC now owns 144,162 shares of the company’s stock worth $10,261,000 after acquiring an additional 24,717 shares in the last quarter. Mariner Wealth Advisors LLC increased its holdings in iShares Trust by 13.9% in the 4th quarter. Mariner Wealth Advisors LLC now owns 141,682 shares of the company’s stock worth $7,059,000 after acquiring an additional 17,284 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in iShares Trust by 76.9% in the 4th quarter. Virtu Financial LLC now owns 111,996 shares of the company’s stock worth $5,581,000 after acquiring an additional 48,684 shares in the last quarter.

Shares of iShares Trust (NASDAQ ISTB) opened at $49.35 on Monday. iShares Trust has a fifty-two week low of $49.24 and a fifty-two week high of $50.47.

The company also recently announced a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were issued a $0.091 dividend. This represents a $1.09 annualized dividend and a yield of 2.21%. This is a positive change from iShares Trust’s previous monthly dividend of $0.05. The ex-dividend date was Thursday, February 1st.

COPYRIGHT VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://ledgergazette.com/2018/02/19/destination-wealth-management-trims-stake-in-ishares-trust-istb.html.

Want to see what other hedge funds are holding ISTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Trust (NASDAQ:ISTB).

Institutional Ownership by Quarter for iShares Trust (NASDAQ:ISTB)

Receive News & Ratings for iShares Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply