Dunhill Financial LLC Sells 788 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Dunhill Financial LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 33.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,577 shares of the company’s stock after selling 788 shares during the period. Dunhill Financial LLC’s holdings in iShares Select Dividend ETF were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings in shares of iShares Select Dividend ETF by 194,486.4% in the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after buying an additional 24,476,112 shares in the last quarter. Raymond James Financial Inc. bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at $156,322,000. Focus Partners Wealth raised its stake in iShares Select Dividend ETF by 792.4% during the fourth quarter. Focus Partners Wealth now owns 402,317 shares of the company’s stock worth $53,004,000 after acquiring an additional 357,232 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares Select Dividend ETF by 22.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after acquiring an additional 314,358 shares in the last quarter. Finally, Moment Partners LLC acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at $34,741,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

DVY opened at $129.56 on Wednesday. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 15.12 and a beta of 0.87. The firm’s 50-day simple moving average is $129.46 and its 200-day simple moving average is $132.15. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.2333 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.93 annualized dividend and a dividend yield of 3.81%.

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.