Brown Brothers Harriman & Co. Lowers Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Brown Brothers Harriman & Co. lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 30.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,114 shares of the company’s stock after selling 2,208 shares during the period. Brown Brothers Harriman & Co.’s holdings in iShares Select Dividend ETF were worth $596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its holdings in shares of iShares Select Dividend ETF by 0.9% in the first quarter. Rehmann Capital Advisory Group now owns 10,000 shares of the company’s stock worth $1,141,000 after buying an additional 88 shares during the period. Nachman Norwood & Parrott Inc grew its stake in shares of iShares Select Dividend ETF by 1.1% in the second quarter. Nachman Norwood & Parrott Inc now owns 8,657 shares of the company’s stock worth $1,010,000 after purchasing an additional 93 shares during the last quarter. Family Management Corp grew its stake in shares of iShares Select Dividend ETF by 76.3% in the first quarter. Family Management Corp now owns 231 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Tranquility Partners LLC grew its stake in shares of iShares Select Dividend ETF by 3.1% in the second quarter. Tranquility Partners LLC now owns 3,610 shares of the company’s stock worth $421,000 after purchasing an additional 109 shares during the last quarter. Finally, Financial Architects Inc grew its stake in shares of iShares Select Dividend ETF by 0.4% in the second quarter. Financial Architects Inc now owns 30,072 shares of the company’s stock worth $3,507,000 after purchasing an additional 115 shares during the last quarter.

NASDAQ DVY opened at $117.00 on Thursday. iShares Select Dividend ETF has a 1 year low of $80.71 and a 1 year high of $124.34. The business’s 50-day moving average is $117.54 and its 200 day moving average is $117.78.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Monday, September 27th were paid a $1.032 dividend. The ex-dividend date of this dividend was Friday, September 24th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.95. This represents a $4.13 annualized dividend and a dividend yield of 3.53%.

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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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