Kovitz Investment Group Partners LLC Cuts Position in iShares Select Dividend ETF $DVY

Kovitz Investment Group Partners LLC reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 39.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,010 shares of the company’s stock after selling 29,385 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in iShares Select Dividend ETF were worth $6,353,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Select Dividend ETF by 1,771.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after acquiring an additional 6,044,290 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in shares of iShares Select Dividend ETF by 745.9% during the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after acquiring an additional 445,910 shares in the last quarter. Align Financial LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth $39,639,000. Bank of America Corp DE boosted its position in iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after purchasing an additional 256,434 shares during the period. Finally, Morgan Stanley increased its holdings in iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after purchasing an additional 224,125 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $153.30 on Friday. The business’s 50-day moving average is $153.80 and its two-hundred day moving average is $150.58. The firm has a market capitalization of $22.55 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12 month low of $129.94 and a 12 month high of $160.38.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $1.2472 dividend. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th.

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.