Miller Howard Investments Inc. NY Sells 321,507 Shares of iShares Select Dividend ETF $DVY

Miller Howard Investments Inc. NY decreased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 63.6% in the 1st quarter, Holdings Channel reports. The firm owned 184,182 shares of the company’s stock after selling 321,507 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in iShares Select Dividend ETF were worth $27,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Archer Investment Corp lifted its position in shares of iShares Select Dividend ETF by 0.9% during the 4th quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock valued at $1,106,000 after acquiring an additional 69 shares during the period. Kingsview Wealth Management LLC lifted its stake in iShares Select Dividend ETF by 1.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after acquiring an additional 69 shares in the last quarter. Romano Brothers AND Company lifted its position in shares of iShares Select Dividend ETF by 0.7% during the fourth quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock valued at $1,415,000 after purchasing an additional 70 shares in the last quarter. Compound Planning Inc. lifted its position in shares of iShares Select Dividend ETF by 2.7% during the 3rd quarter. Compound Planning Inc. now owns 2,785 shares of the company’s stock worth $396,000 after buying an additional 74 shares in the last quarter. Finally, Journey Advisory Group LLC lifted its holdings in iShares Select Dividend ETF by 0.8% during the fourth quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock worth $1,368,000 after acquiring an additional 75 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $155.58 on Wednesday. The company has a market capitalization of $22.89 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a fifty-two week low of $130.63 and a fifty-two week high of $160.38. The company’s 50-day moving average is $153.88 and its 200 day moving average is $150.83.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a yield of 3.2%.

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.