Sapient Capital LLC Makes New $4 Million Investment in iShares Select Dividend ETF $DVY

Sapient Capital LLC bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 28,116 shares of the company’s stock, valued at approximately $3,998,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DVY. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in shares of iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after buying an additional 445,910 shares during the period. Bank of America Corp DE boosted its holdings in shares of iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after buying an additional 256,434 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of iShares Select Dividend ETF by 526.0% in the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after buying an additional 152,417 shares during the period. Finally, UBS Group AG boosted its holdings in shares of iShares Select Dividend ETF by 10.0% in the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock worth $164,130,000 after buying an additional 104,866 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $150.96 on Monday. iShares Select Dividend ETF has a one year low of $128.96 and a one year high of $160.38. The company has a 50-day moving average of $151.68 and a two-hundred day moving average of $148.09. The stock has a market cap of $22.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $1.1493 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, March 17th.

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.