iShares Select Dividend ETF $DVY Shares Sold by Rathbones Group PLC

Rathbones Group PLC decreased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,946 shares of the company’s stock after selling 4,683 shares during the period. Rathbones Group PLC’s holdings in iShares Select Dividend ETF were worth $5,779,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DVY. Parvin Asset Management LLC acquired a new position in iShares Select Dividend ETF during the second quarter worth approximately $27,000. Ransom Advisory Ltd acquired a new position in iShares Select Dividend ETF during the fourth quarter worth approximately $27,000. Total Investment Management Inc. acquired a new position in iShares Select Dividend ETF during the second quarter worth approximately $29,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF in the second quarter valued at approximately $34,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of iShares Select Dividend ETF by 242.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.2%

NASDAQ:DVY opened at $151.94 on Tuesday. The firm has a market cap of $22.37 billion, a P/E ratio of 13.69 and a beta of 0.77. The stock’s 50 day simple moving average is $152.76 and its 200-day simple moving average is $145.90. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%.

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.