SVB Wealth LLC Increases Position in iShares Select Dividend ETF $DVY

SVB Wealth LLC boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 148.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,722 shares of the company’s stock after acquiring an additional 7,013 shares during the period. SVB Wealth LLC’s holdings in iShares Select Dividend ETF were worth $1,654,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bryn Mawr Trust Advisors LLC grew its stake in iShares Select Dividend ETF by 56.9% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 2,875 shares of the company’s stock valued at $406,000 after acquiring an additional 1,043 shares in the last quarter. Midwest Trust Co grew its stake in shares of iShares Select Dividend ETF by 0.5% in the 4th quarter. Midwest Trust Co now owns 16,752 shares of the company’s stock valued at $2,364,000 after buying an additional 76 shares during the period. NewEdge Wealth LLC grew its stake in shares of iShares Select Dividend ETF by 36.9% in the 4th quarter. NewEdge Wealth LLC now owns 22,090 shares of the company’s stock valued at $3,118,000 after buying an additional 5,960 shares during the period. Costello Asset Management INC grew its stake in shares of iShares Select Dividend ETF by 167.5% in the 4th quarter. Costello Asset Management INC now owns 3,740 shares of the company’s stock valued at $528,000 after buying an additional 2,342 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of iShares Select Dividend ETF by 1.6% in the 4th quarter. International Assets Investment Management LLC now owns 13,548 shares of the company’s stock valued at $1,912,000 after buying an additional 211 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $152.21 on Tuesday. The firm has a 50 day simple moving average of $151.94 and a 200-day simple moving average of $147.81. iShares Select Dividend ETF has a 1-year low of $128.96 and a 1-year high of $160.38. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF 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.