iShares Select Dividend ETF $DVY Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 39.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,010 shares of the company’s stock after selling 29,385 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares Select Dividend ETF were worth $6,353,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DVY. Caitlin John LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $26,000. Ransom Advisory Ltd purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth $27,000. Miller Capital Partners Inc. purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth $30,000. Finally, Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF in the second quarter valued at $34,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $153.30 on Friday. The business’s fifty day moving average price is $153.80 and its 200 day moving average price is $150.58. iShares Select Dividend ETF has a twelve month low of $129.94 and a twelve month high of $160.38. The stock has a market capitalization of $22.55 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.2472 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.3%.

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.