Rockefeller Capital Management L.P. Boosts Stock Holdings in iShares Select Dividend ETF $DVY

Rockefeller Capital Management L.P. grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 507,547 shares of the company’s stock after buying an additional 29,933 shares during the quarter. Rockefeller Capital Management L.P. owned 0.35% of iShares Select Dividend ETF worth $71,635,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DVY. Bank of America Corp DE boosted its holdings 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 valued at $1,150,568,000 after acquiring an additional 256,434 shares during the period. Morgan Stanley increased its stake 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 worth $918,369,000 after purchasing an additional 224,125 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in 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 worth $901,247,000 after purchasing an additional 6,044,290 shares during the period. Wells Fargo & Company MN lifted its position in iShares Select Dividend ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock valued at $537,455,000 after purchasing an additional 69,658 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in iShares Select Dividend ETF by 3.9% in the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock valued at $433,832,000 after purchasing an additional 114,490 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $153.30 on Friday. iShares Select Dividend ETF has a fifty-two week low of $129.94 and a fifty-two week high of $160.38. The firm has a market cap of $22.55 billion, a PE ratio of 13.69 and a beta of 0.66. The business has a 50 day moving average price of $153.80 and a 200-day moving average price of $150.58.

iShares Select Dividend ETF Increases Dividend

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

iShares Select Dividend ETF 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.