Florin Court Capital LLP Lowers Holdings in iShares Select Dividend ETF $DVY

Florin Court Capital LLP trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 61.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,900 shares of the company’s stock after selling 34,000 shares during the period. iShares Select Dividend ETF comprises about 4.1% of Florin Court Capital LLP’s investment portfolio, making the stock its 10th largest position. Florin Court Capital LLP’s holdings in iShares Select Dividend ETF were worth $2,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Elevated Capital Advisors LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at $26,000. Ransom Advisory Ltd bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at $27,000. Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF in the second quarter valued at $34,000. Headlands Technologies LLC bought a new stake in iShares Select Dividend ETF in the second quarter valued at $38,000. Finally, Arvest Investments Inc. bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at $50,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $150.96 on Friday. The business’s fifty day moving average price is $151.68 and its two-hundred day moving average price is $148.05. iShares Select Dividend ETF has a fifty-two week low of $128.96 and a fifty-two week high of $160.38. The stock has a market capitalization of $22.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders 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 dividend on an annualized basis and a yield of 3.0%.

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