iShares Select Dividend ETF $DVY Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 309,870 shares of the company’s stock after selling 31,322 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.21% of iShares Select Dividend ETF worth $43,735,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DVY. Elevated Capital Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $26,000. Ransom Advisory Ltd purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. Headlands Technologies LLC purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $38,000. Finally, Arvest Investments Inc. purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $50,000. 46.08% of the stock is owned by institutional investors and hedge funds.

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iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $154.96 on Friday. iShares Select Dividend ETF has a fifty-two week low of $129.36 and a fifty-two week high of $160.38. The company has a market capitalization of $22.79 billion, a P/E ratio of 13.69 and a beta of 0.67. The stock has a 50-day simple moving average of $152.33 and a 200-day simple moving average of $149.08.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a $1.1493 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

About iShares Select Dividend ETF

(Free Report)

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.

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