iShares Select Dividend ETF $DVY Shares Sold by Keebeck Wealth Management

Keebeck Wealth Management decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 14.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,180 shares of the company’s stock after selling 5,311 shares during the quarter. Keebeck Wealth Management’s holdings in iShares Select Dividend ETF were worth $4,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DVY. Morgan Stanley boosted its position in shares of 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 acquiring an additional 224,125 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in iShares Select Dividend ETF by 1,771.5% during the fourth 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 last quarter. Wells Fargo & Company MN raised its stake in iShares Select Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after purchasing an additional 69,658 shares during the period. Royal Bank of Canada raised its stake in iShares Select Dividend ETF by 3.9% during the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after purchasing an additional 114,490 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of iShares Select Dividend ETF by 3.8% in the 4th quarter. LPL Financial LLC now owns 1,789,466 shares of the company’s stock valued at $252,565,000 after purchasing an additional 65,691 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.7%

Shares of NASDAQ DVY opened at $160.88 on Friday. iShares Select Dividend ETF has a 52-week low of $132.83 and a 52-week high of $164.73. The firm has a fifty day moving average of $156.69 and a 200-day moving average of $153.44. The stock has a market capitalization of $23.65 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a yield of 3.1%.

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.