Miller Howard Investments Inc. NY Has $27.89 Million Stock Position in iShares Select Dividend ETF $DVY

Miller Howard Investments Inc. NY reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 63.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,182 shares of the company’s stock after selling 321,507 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.13% of iShares Select Dividend ETF worth $27,887,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Caitlin John LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $25,000. Elevated Capital Advisors LLC acquired a new stake in iShares Select Dividend ETF during the 4th quarter worth approximately $26,000. Ransom Advisory Ltd bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $27,000. Miller Capital Partners Inc. bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $30,000. Finally, Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $34,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $155.58 on Wednesday. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The stock’s fifty day moving average price is $153.88 and its two-hundred day moving average price is $150.83. iShares Select Dividend ETF has a one year low of $130.63 and a one year high of $160.38.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $1.2472 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.2%.

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.