Yukon Wealth Management Inc. Has $20.21 Million Position in iShares Select Dividend ETF $DVY

Yukon Wealth Management Inc. decreased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,953 shares of the company’s stock after selling 46,620 shares during the quarter. iShares Select Dividend ETF makes up 11.7% of Yukon Wealth Management Inc.’s portfolio, making the stock its 2nd biggest position. Yukon Wealth Management Inc.’s holdings in iShares Select Dividend ETF were worth $20,211,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after acquiring an additional 256,434 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after acquiring an additional 6,044,290 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares Select Dividend ETF by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 1,549,408 shares of the company’s stock worth $220,171,000 after acquiring an additional 24,718 shares during the last quarter. UBS Group AG grew its stake in shares of iShares Select Dividend ETF by 3.0% in the fourth quarter. UBS Group AG now owns 1,189,865 shares of the company’s stock worth $167,938,000 after acquiring an additional 34,832 shares during the last quarter. Finally, Miller Howard Investments Inc. NY boosted its position in shares of iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after buying an additional 445,910 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $154.96 on Friday. iShares Select Dividend ETF has a one year low of $129.36 and a one year high of $160.38. The business’s fifty day moving average is $152.33 and its 200 day moving average is $149.08. The stock has a market capitalization of $22.79 billion, a PE ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $1.1493 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a 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.