Patten & Patten Inc. TN Sells 181 Shares of iShares Select Dividend ETF $DVY

Patten & Patten Inc. TN reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,101 shares of the company’s stock after selling 181 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares Select Dividend ETF were worth $943,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC bought a new stake in iShares Select Dividend ETF during the 2nd quarter worth about $178,925,000. Northern Trust Corp lifted its position in iShares Select Dividend ETF by 6.7% during the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock worth $415,433,000 after buying an additional 194,941 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in iShares Select Dividend ETF during the 1st quarter worth about $24,669,000. Yukon Wealth Management Inc. bought a new stake in iShares Select Dividend ETF during the 1st quarter worth about $21,391,000. Finally, Goldman Sachs Group Inc. lifted its position in iShares Select Dividend ETF by 12.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 678,028 shares of the company’s stock worth $91,052,000 after buying an additional 76,855 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $139.28 on Friday. The company’s 50-day moving average price is $140.58 and its two-hundred day moving average price is $134.45. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09. The stock has a market capitalization of $20.49 billion, a PE ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.99 annualized dividend and a yield of 3.6%.

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.