Rathbones Group PLC Sells 4,683 Shares of iShares Select Dividend ETF $DVY

Rathbones Group PLC lessened its position in iShares Select Dividend ETF (NASDAQ:DVY) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,946 shares of the company’s stock after selling 4,683 shares during the period. Rathbones Group PLC’s holdings in iShares Select Dividend ETF were worth $5,779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elevated Capital Advisors LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $26,000. Ransom Advisory Ltd bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $27,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth about $34,000. Headlands Technologies LLC bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth about $38,000. Finally, Arvest Investments Inc. bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $50,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $154.13 on Friday. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. The company has a 50-day simple moving average of $151.75 and a 200 day simple moving average of $148.46. iShares Select Dividend ETF has a 52 week low of $128.96 and a 52 week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF 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.