Focus Partners Advisor Solutions LLC Sells 5,174 Shares of iShares Select Dividend ETF $DVY

Focus Partners Advisor Solutions LLC reduced its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 23.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,082 shares of the company’s stock after selling 5,174 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in iShares Select Dividend ETF were worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC increased its position in iShares Select Dividend ETF by 13,158.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock worth $252,022,000 after buying an additional 1,883,298 shares during the period. JPMorgan Chase & Co. boosted its position 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 valued at $220,171,000 after acquiring an additional 24,718 shares during the period. Cetera Investment Advisers grew its stake in shares of iShares Select Dividend ETF by 0.7% in the second quarter. Cetera Investment Advisers now owns 388,313 shares of the company’s stock valued at $51,572,000 after acquiring an additional 2,845 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of iShares Select Dividend ETF by 16.3% in the second quarter. Osaic Holdings Inc. now owns 352,044 shares of the company’s stock valued at $46,831,000 after acquiring an additional 49,367 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in iShares Select Dividend ETF by 5.2% during the third quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after acquiring an additional 16,296 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.5%

Shares of iShares Select Dividend ETF stock opened at $154.84 on Thursday. The stock has a market capitalization of $22.58 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $160.38. The company has a 50-day simple moving average of $150.31 and a two-hundred day simple moving average of $144.33.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $1.6162 dividend. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.2%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.