iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 399,998 shares of the company’s stock after selling 28,726 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Select Dividend ETF were worth $48,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hsbc Holdings PLC increased its position in shares of iShares Select Dividend ETF by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 15,392 shares of the company’s stock worth $1,804,000 after purchasing an additional 533 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in iShares Select Dividend ETF by 43.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 6,854 shares of the company’s stock valued at $803,000 after acquiring an additional 2,060 shares during the period. Belpointe Asset Management LLC boosted its holdings in iShares Select Dividend ETF by 10.0% during the 4th quarter. Belpointe Asset Management LLC now owns 10,682 shares of the company’s stock valued at $1,252,000 after acquiring an additional 969 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in iShares Select Dividend ETF by 0.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 37,788 shares of the company’s stock valued at $4,430,000 after acquiring an additional 197 shares during the period. Finally, Annex Advisory Services LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $201,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $134.74 on Monday. The stock has a 50-day simple moving average of $130.91 and a 200-day simple moving average of $124.89. The stock has a market capitalization of $20.03 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $136.36.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th will be paid a $1.5496 dividend. The ex-dividend date is Wednesday, September 25th.

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.