MassMutual Private Wealth & Trust FSB Sells 3,535 Shares of iShares Select Dividend ETF $DVY

MassMutual Private Wealth & Trust FSB reduced its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 29.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,570 shares of the company’s stock after selling 3,535 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in iShares Select Dividend ETF were worth $1,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in iShares Select Dividend ETF by 3.6% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares Select Dividend ETF by 1,771.5% in the fourth 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 in the last quarter. Wells Fargo & Company MN grew its stake 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 in the last quarter. Royal Bank of Canada increased its position in shares of iShares Select Dividend ETF by 3.9% during the 4th 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 last quarter. 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 buying an additional 65,691 shares during the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Down 0.9%

NASDAQ:DVY opened at $161.67 on Thursday. The stock has a market capitalization of $23.55 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 1-year low of $134.72 and a 1-year high of $166.79. The firm has a fifty day simple moving average of $158.28 and a 200 day simple moving average of $154.56.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. This is a boost 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.