Commonwealth Equity Services LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 0.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 568,018 shares of the company’s stock after selling 5,385 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares Select Dividend ETF were worth $86,379,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Fifth Third Bancorp lifted its holdings in shares of iShares Select Dividend ETF by 178.6% in the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after buying an additional 413,908 shares in the last quarter. Sterling Investment Advisors Ltd. grew its stake in shares of iShares Select Dividend ETF by 272.2% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 266,000 shares of the company’s stock worth $40,275,000 after buying an additional 194,533 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of iShares Select Dividend ETF by 1,401.8% in the 3rd quarter. International Assets Investment Management LLC now owns 181,600 shares of the company’s stock worth $27,616,000 after buying an additional 169,508 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares Select Dividend ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after buying an additional 88,825 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in shares of iShares Select Dividend ETF by 47.7% during the 2nd quarter. HB Wealth Management LLC now owns 199,537 shares of the company’s stock valued at $31,188,000 after buying an additional 64,400 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.
iShares Select Dividend ETF Trading Down 0.7%
Shares of NASDAQ:DVY opened at $160.06 on Friday. The company has a 50-day moving average price of $158.91 and a 200 day moving average price of $156.48. iShares Select Dividend ETF has a 12 month low of $137.23 and a 12 month high of $167.06. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.
iShares Select Dividend ETF Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were issued a $1.3291 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. The ex-dividend date was Tuesday, September 15th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.3%.
About iShares Select Dividend ETF
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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