Rathbones Group PLC Has $5.78 Million Position in iShares Select Dividend ETF $DVY

Rathbones Group PLC reduced its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,946 shares of the company’s stock after selling 4,683 shares during the period. Rathbones Group PLC’s holdings in iShares Select Dividend ETF were worth $5,779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVY. Elevated Capital Advisors LLC acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at $26,000. Ransom Advisory Ltd acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at $27,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. Headlands Technologies LLC bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $38,000. Finally, Arvest Investments Inc. bought a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $50,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $154.13 on Friday. The firm has a 50-day moving average of $151.75 and a 200-day moving average of $148.46. iShares Select Dividend ETF has a one year low of $128.96 and a one year high of $160.38. The company has a market cap of $22.67 billion, a PE ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a $1.1493 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.