Brown Brothers Harriman & Co. Decreases Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Brown Brothers Harriman & Co. lowered its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 9.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,822 shares of the company’s stock after selling 517 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in iShares Select Dividend ETF were worth $651,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DVY. Banque Cantonale Vaudoise increased its stake in iShares Select Dividend ETF by 10.1% in the third quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock valued at $108,000 after purchasing an additional 73 shares during the last quarter. Unionview LLC raised its stake in iShares Select Dividend ETF by 0.7% during the 3rd quarter. Unionview LLC now owns 11,151 shares of the company’s stock worth $1,506,000 after acquiring an additional 76 shares in the last quarter. CMG Global Holdings LLC lifted its position in iShares Select Dividend ETF by 0.5% in the third quarter. CMG Global Holdings LLC now owns 17,284 shares of the company’s stock valued at $2,335,000 after acquiring an additional 80 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in iShares Select Dividend ETF by 1.4% in the second quarter. Pathway Financial Advisers LLC now owns 6,137 shares of the company’s stock valued at $740,000 after acquiring an additional 84 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 1.6% during the second quarter. LS Investment Advisors LLC now owns 5,392 shares of the company’s stock worth $652,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $143.30 on Wednesday. The company has a market capitalization of $21.35 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $109.90 and a fifty-two week high of $143.98. The stock has a 50-day simple moving average of $136.08 and a 200-day simple moving average of $129.57.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.