iShares Select Dividend ETF $DVY is Florin Court Capital LLP’s 4th Largest Position

Florin Court Capital LLP lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 25.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,900 shares of the company’s stock after selling 18,800 shares during the quarter. iShares Select Dividend ETF makes up about 6.1% of Florin Court Capital LLP’s investment portfolio, making the stock its 4th largest holding. Florin Court Capital LLP’s holdings in iShares Select Dividend ETF were worth $7,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Parvin Asset Management LLC acquired a new position in iShares Select Dividend ETF during the 2nd quarter worth $27,000. Financial Gravity Companies Inc. bought a new position in shares of iShares Select Dividend ETF during the second quarter worth about $29,000. Total Investment Management Inc. acquired a new position in iShares Select Dividend ETF in the second quarter worth about $29,000. Kilter Group LLC bought a new stake in iShares Select Dividend ETF in the second quarter valued at about $31,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in 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 buying an additional 182 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.4%

NASDAQ:DVY opened at $149.49 on Wednesday. The business’s 50 day moving average is $143.54 and its two-hundred day moving average is $140.98. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $149.76. The company has a market cap of $21.91 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $1.6162 per share. This represents a $6.46 annualized dividend and a yield of 4.3%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th.

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.