iShares Select Dividend ETF $DVY Stock Holdings Cut by QRG Capital Management Inc.

QRG Capital Management Inc. cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 58.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,207 shares of the company’s stock after selling 4,540 shares during the quarter. QRG Capital Management Inc.’s holdings in iShares Select Dividend ETF were worth $456,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Pinnacle Financial Partners Inc grew its holdings in iShares Select Dividend ETF by 0.5% during the third quarter. Pinnacle Financial Partners Inc now owns 99,950 shares of the company’s stock worth $14,203,000 after acquiring an additional 482 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of iShares Select Dividend ETF by 6.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 5,657 shares of the company’s stock worth $804,000 after purchasing an additional 355 shares during the last quarter. WoodTrust Financial Corp raised its holdings in shares of iShares Select Dividend ETF by 5.7% in the 3rd quarter. WoodTrust Financial Corp now owns 2,504 shares of the company’s stock worth $356,000 after purchasing an additional 136 shares in the last quarter. Montis Financial LLC acquired a new stake in iShares Select Dividend ETF during the third quarter valued at approximately $696,000. Finally, Jackson Hole Capital Partners LLC boosted its holdings in iShares Select Dividend ETF by 1.7% during the third quarter. Jackson Hole Capital Partners LLC now owns 5,128 shares of the company’s stock worth $729,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $147.89 on Friday. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $149.76. The firm’s 50 day moving average price is $143.14 and its two-hundred day moving average price is $140.73.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, December 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.