Mirae Asset Global Investments Co. Ltd. Sells 1,600 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,700 shares of the company’s stock after selling 1,600 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Select Dividend ETF were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DVY. Wealthfront Advisers LLC increased its position in iShares Select Dividend ETF by 194,486.4% during the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after purchasing an additional 24,476,112 shares in the last quarter. Wells Fargo & Company MN increased its position in iShares Select Dividend ETF by 5.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,875,784 shares of the company’s stock worth $508,852,000 after purchasing an additional 183,589 shares in the last quarter. Royal Bank of Canada increased its position in iShares Select Dividend ETF by 4.5% during the 4th quarter. Royal Bank of Canada now owns 2,346,687 shares of the company’s stock worth $308,096,000 after purchasing an additional 100,103 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares Select Dividend ETF by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after purchasing an additional 314,358 shares in the last quarter. Finally, LPL Financial LLC increased its position in iShares Select Dividend ETF by 8.9% during the 4th quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock worth $209,591,000 after purchasing an additional 130,573 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock opened at $136.66 on Friday. The company has a 50 day simple moving average of $131.14 and a 200 day simple moving average of $131.67. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were given a $1.2333 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. This represents a $4.93 annualized dividend and a yield of 3.61%. The ex-dividend date was Monday, June 16th.

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.