DAVENPORT & Co LLC Reduces Stake in iShares Select Dividend ETF (NASDAQ:DVY)

DAVENPORT & Co LLC lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVYFree Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,798 shares of the company’s stock after selling 448 shares during the period. DAVENPORT & Co LLC’s holdings in iShares Select Dividend ETF were worth $7,596,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC boosted its position in iShares Select Dividend ETF by 107,178.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 75,921,028 shares of the company’s stock worth $9,156,076,000 after purchasing an additional 75,850,258 shares during the period. Morgan Stanley boosted its holdings in iShares Select Dividend ETF by 12.1% in the 4th quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock worth $922,406,000 after buying an additional 823,118 shares during the period. Northern Trust Corp grew its stake in iShares Select Dividend ETF by 3.0% in the 3rd quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock valued at $370,994,000 after buying an additional 101,996 shares in the last quarter. Royal Bank of Canada grew its stake in iShares Select Dividend ETF by 2.6% in the 3rd quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock valued at $277,635,000 after buying an additional 64,326 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in iShares Select Dividend ETF by 7,874.8% during the 1st quarter. Sowell Financial Services LLC now owns 1,287,928 shares of the company’s stock valued at $113,110,000 after acquiring an additional 1,271,778 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $121.53 on Thursday. The firm has a market capitalization of $19.19 billion, a P/E ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $123.43. The business has a fifty day moving average price of $117.58 and a 200-day moving average price of $113.54.

iShares Select Dividend ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a dividend of $0.9976 per share. The ex-dividend date was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a yield of 3.28%.

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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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