SVB Wealth LLC Trims Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

SVB Wealth LLC reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 24.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,428 shares of the company’s stock after selling 10,775 shares during the period. SVB Wealth LLC’s holdings in iShares Select Dividend ETF were worth $3,918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of iShares Select Dividend ETF by 30.0% during the 3rd quarter. Signaturefd LLC now owns 1,864 shares of the company’s stock valued at $201,000 after buying an additional 430 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in iShares Select Dividend ETF by 40.5% during the second quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock worth $51,000 after purchasing an additional 130 shares during the last quarter. TIAA Trust National Association lifted its stake in iShares Select Dividend ETF by 4.7% during the fourth quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock worth $1,140,000 after purchasing an additional 437 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in iShares Select Dividend ETF by 14.2% during the third quarter. JFS Wealth Advisors LLC now owns 24,829 shares of the company’s stock worth $2,673,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Park Place Capital Corp lifted its stake in iShares Select Dividend ETF by 1.6% during the fourth quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock worth $984,000 after purchasing an additional 129 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $115.73 on Wednesday. The business’s fifty day moving average price is $118.38 and its 200 day moving average price is $114.19. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $123.43. The stock has a market capitalization of $17.75 billion, a PE ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were given a $0.9976 dividend. This represents a $3.99 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 21st.

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.