ICONIQ Capital LLC Sells 3,125 Shares of iShares Select Dividend ETF $DVY

ICONIQ Capital LLC decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 50.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,039 shares of the company’s stock after selling 3,125 shares during the quarter. ICONIQ Capital LLC’s holdings in iShares Select Dividend ETF were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position in iShares Select Dividend ETF by 1,771.5% during 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 purchasing an additional 6,044,290 shares during the period. Fifth Third Bancorp increased its position in shares of iShares Select Dividend ETF by 178.6% during the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after buying an additional 413,908 shares during the period. Align Financial LLC purchased a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at about $39,639,000. Morgan Stanley raised its stake in iShares Select Dividend ETF by 3.6% in the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after buying an additional 224,125 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in iShares Select Dividend ETF by 236.4% in the fourth quarter. Corient Private Wealth LLC now owns 282,323 shares of the company’s stock worth $39,847,000 after buying an additional 198,397 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $163.80 on Monday. The company has a 50-day simple moving average of $161.27 and a two-hundred day simple moving average of $156.16. The firm has a market capitalization of $23.86 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a one year low of $137.16 and a one year high of $167.06.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $1.2472 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.99 annualized dividend and a dividend yield of 3.0%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.