Marietta Investment Partners LLC Lowers Stock Holdings in iShares Select Dividend ETF $DVY

Marietta Investment Partners LLC decreased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 41.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,600 shares of the company’s stock after selling 4,000 shares during the quarter. Marietta Investment Partners LLC’s holdings in iShares Select Dividend ETF were worth $790,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DVY. Elevated Capital Advisors LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $26,000. Ransom Advisory Ltd bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $27,000. Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $34,000. Headlands Technologies LLC bought a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $38,000. Finally, Arvest Investments Inc. bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $153.66 on Thursday. The company has a market cap of $22.60 billion, a P/E ratio of 13.69 and a beta of 0.67. The firm’s fifty day moving average is $152.71 and its two-hundred day moving average is $149.40. iShares Select Dividend ETF has a 52-week low of $129.36 and a 52-week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

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

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.