iShares Select Dividend ETF $DVY Stock Holdings Cut by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,351 shares of the company’s stock after selling 5,253 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $5,224,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stonebridge Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $553,074,000. Envestnet Asset Management Inc. boosted its stake in shares of iShares Select Dividend ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after buying an additional 88,825 shares during the last quarter. Fifth Third Bancorp grew its stake in iShares Select Dividend ETF by 2.1% in the second quarter. Fifth Third Bancorp now owns 658,941 shares of the company’s stock valued at $102,992,000 after purchasing an additional 13,257 shares in the last quarter. Arch Capital Group LTD. bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at $91,939,000. Finally, Cetera Investment Advisers grew its position in shares of iShares Select Dividend ETF by 5.9% in the 1st quarter. Cetera Investment Advisers now owns 539,922 shares of the company’s stock valued at $81,750,000 after acquiring an additional 29,898 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.7%

Shares of NASDAQ DVY opened at $163.64 on Friday. iShares Select Dividend ETF has a 12 month low of $137.23 and a 12 month high of $167.06. The company has a market capitalization of $23.83 billion, a P/E ratio of 14.18 and a beta of 0.66. The stock has a 50 day moving average of $158.83 and a 200-day moving average of $156.83.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a dividend of $1.3291 per share. This represents a $5.32 annualized dividend and a yield of 3.2%. 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.

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. Index, a broad-based index representative of the total market for the United States equity securities.