iShares Select Dividend ETF $DVY Stock: Ellis Investment Partners LLC Cuts Holdings

Ellis Investment Partners LLC decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,482 shares of the company’s stock after selling 18,019 shares during the period. iShares Select Dividend ETF accounts for 3.8% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 5th biggest position. Ellis Investment Partners LLC owned approximately 0.11% of iShares Select Dividend ETF worth $25,317,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in DVY. Sage Capital Advisors llc grew its holdings in shares of iShares Select Dividend ETF by 2.2% during the second quarter. Sage Capital Advisors llc now owns 2,993 shares of the company’s stock worth $468,000 after buying an additional 64 shares in the last quarter. Harbor Asset Planning Inc. increased its stake in iShares Select Dividend ETF by 3.4% in the first quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock valued at $333,000 after purchasing an additional 72 shares during the last quarter. Vision Capital Management Inc. lifted its position in iShares Select Dividend ETF by 2.5% during the first quarter. Vision Capital Management Inc. now owns 3,175 shares of the company’s stock worth $481,000 after buying an additional 76 shares during the period. Cooper Financial Group grew its holdings in iShares Select Dividend ETF by 4.5% in the 3rd quarter. Cooper Financial Group now owns 1,799 shares of the company’s stock valued at $274,000 after buying an additional 77 shares during the period. Finally, Cozad Asset Management Inc. boosted its position in shares of iShares Select Dividend ETF by 0.5% in the first quarter. Cozad Asset Management Inc. now owns 14,734 shares of the company’s stock worth $2,231,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY traded down $0.23 during trading hours on Wednesday, hitting $159.30. The stock had a trading volume of 88,306 shares, compared to its average volume of 431,978. The firm has a market cap of $23.23 billion, a P/E ratio of 13.69 and a beta of 0.66. The company’s fifty day simple moving average is $159.68 and its 200 day simple moving average is $157.46. iShares Select Dividend ETF has a 12-month low of $137.16 and a 12-month high of $167.06.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a $1.3291 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 annualized dividend and a dividend yield of 3.3%.

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.