Wealthcare Advisory Partners LLC lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 16.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,192 shares of the company’s stock after selling 4,949 shares during the period. Wealthcare Advisory Partners LLC’s holdings in iShares Select Dividend ETF were worth $3,937,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of DVY. Morgan Stanley lifted its stake in shares of iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after acquiring an additional 224,125 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after acquiring an additional 6,044,290 shares during the last quarter. Wells Fargo & Company MN grew its position in iShares Select Dividend ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after acquiring an additional 69,658 shares during the last quarter. Royal Bank of Canada increased its holdings in iShares Select Dividend ETF by 3.9% in the 4th quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after purchasing an additional 114,490 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in iShares Select Dividend ETF by 3.8% in the 4th quarter. LPL Financial LLC now owns 1,789,466 shares of the company’s stock worth $252,565,000 after purchasing an additional 65,691 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.
iShares Select Dividend ETF Trading Up 0.4%
iShares Select Dividend ETF stock opened at $162.58 on Wednesday. The company has a market capitalization of $23.68 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12 month low of $136.10 and a 12 month high of $166.79. The stock has a 50-day moving average price of $158.89 and a two-hundred day moving average price of $154.96.
iShares Select Dividend ETF Increases Dividend
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. 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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