iShares Select Dividend ETF $DVY Stock Sold by Ellis Investment Partners LLC

Ellis Investment Partners LLC decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 166,482 shares of the company’s stock after selling 18,019 shares during the quarter. iShares Select Dividend ETF makes up 3.8% of Ellis Investment Partners LLC’s portfolio, making the stock its 5th biggest position. Ellis Investment Partners LLC’s holdings in iShares Select Dividend ETF were worth $25,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in iShares Select Dividend ETF by 178.6% during the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after acquiring an additional 413,908 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in shares of iShares Select Dividend ETF by 272.2% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 266,000 shares of the company’s stock valued at $40,275,000 after buying an additional 194,533 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares Select Dividend ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after acquiring an additional 88,825 shares during the period. HB Wealth Management LLC boosted its stake in iShares Select Dividend ETF by 47.7% in the second quarter. HB Wealth Management LLC now owns 199,537 shares of the company’s stock valued at $31,188,000 after acquiring an additional 64,400 shares during the period. Finally, Corient Private Wealth LLC boosted its position in iShares Select Dividend ETF by 62.2% during the 4th quarter. Corient Private Wealth LLC now owns 136,147 shares of the company’s stock valued at $19,219,000 after purchasing an additional 52,221 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.1%

NASDAQ DVY traded down $0.23 during trading hours on Wednesday, hitting $159.30. The company had a trading volume of 88,306 shares, compared to its average volume of 431,978. iShares Select Dividend ETF has a fifty-two week low of $137.16 and a fifty-two week high of $167.06. The firm has a market cap of $23.23 billion, a P/E ratio of 13.69 and a beta of 0.66. The business has a fifty day simple moving average of $159.68 and a 200-day simple moving average of $157.46.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $1.3291 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $5.32 annualized dividend and a yield of 3.3%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472.

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.