Ellis Investment Partners LLC Reduces Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Ellis Investment Partners LLC lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.9% in the first quarter, Holdings Channel reports. The institutional investor owned 231,957 shares of the company’s stock after selling 4,498 shares during the period. iShares Select Dividend ETF accounts for approximately 6.2% of Ellis Investment Partners LLC’s portfolio, making the stock its biggest position. Ellis Investment Partners LLC’s holdings in iShares Select Dividend ETF were worth $28,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DVY. Halbert Hargrove Global Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 2.1% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after buying an additional 88 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in iShares Select Dividend ETF by 0.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock valued at $1,730,000 after purchasing an additional 96 shares during the last quarter. Access Financial Services Inc. increased its holdings in shares of iShares Select Dividend ETF by 0.5% in the 4th quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock worth $2,272,000 after purchasing an additional 96 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of iShares Select Dividend ETF by 3.9% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock worth $298,000 after purchasing an additional 96 shares during the last quarter. Finally, HCR Wealth Advisors lifted its holdings in shares of iShares Select Dividend ETF by 3.1% during the fourth quarter. HCR Wealth Advisors now owns 3,286 shares of the company’s stock valued at $385,000 after purchasing an additional 98 shares in the last quarter. 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 $119.87 on Thursday. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $125.99. The business’s fifty day moving average is $121.78 and its 200 day moving average is $119.01. The stock has a market capitalization of $18.21 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a yield of 3.10%.

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.