iShares Select Dividend ETF $DVY Stock Holdings Lowered by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 13.3% in the 3rd quarter, Holdings Channel reports. The firm owned 34,351 shares of the company’s stock after selling 5,253 shares during the period. Cornerstone Advisors Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $5,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DVY. BIP Wealth LLC lifted its stake in shares of iShares Select Dividend ETF by 105.7% in the 2nd quarter. BIP Wealth LLC now owns 8,735 shares of the company’s stock valued at $1,365,000 after acquiring an additional 4,488 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares Select Dividend ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock valued at $246,334,000 after buying an additional 88,825 shares during the period. Robertson Stephens Wealth Management LLC raised its position in shares of iShares Select Dividend ETF by 93.8% during the third quarter. Robertson Stephens Wealth Management LLC now owns 19,854 shares of the company’s stock worth $3,019,000 after acquiring an additional 9,607 shares during the last quarter. Independent Financial Group LLC bought a new position in shares of iShares Select Dividend ETF during the first quarter worth about $1,406,000. Finally, bLong Financial LLC bought a new position in shares of iShares Select Dividend ETF during the third quarter worth about $1,183,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $163.64 on Friday. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 14.18 and a beta of 0.66. iShares Select Dividend ETF has a 52-week low of $137.23 and a 52-week high of $167.06. The firm has a 50 day moving average price of $158.83 and a two-hundred day moving average price of $156.83.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $1.3291 dividend. The ex-dividend date was Tuesday, September 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 dividend on an annualized basis and a yield of 3.2%.

iShares Select Dividend ETF Company 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. Index, a broad-based index representative of the total market for the United States equity securities.