Florin Court Capital LLP Lowers Position in iShares Select Dividend ETF $DVY

Florin Court Capital LLP cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 61.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,900 shares of the company’s stock after selling 34,000 shares during the period. iShares Select Dividend ETF comprises about 4.1% of Florin Court Capital LLP’s investment portfolio, making the stock its 10th largest position. Florin Court Capital LLP’s holdings in iShares Select Dividend ETF were worth $2,950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DVY. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after purchasing an additional 6,044,290 shares during the period. Miller Howard Investments Inc. NY increased its position in shares of iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after purchasing an additional 445,910 shares during the period. Bank of America Corp DE increased its position in shares of iShares Select Dividend ETF by 3.3% during the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of iShares Select Dividend ETF by 526.0% during the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock valued at $24,091,000 after purchasing an additional 152,417 shares during the period. Finally, UBS Group AG increased its position in shares of iShares Select Dividend ETF by 10.0% during the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock valued at $164,130,000 after purchasing an additional 104,866 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Down 1.0%

DVY opened at $150.96 on Friday. The stock has a market cap of $22.21 billion, a PE ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 1 year low of $128.96 and a 1 year high of $160.38. The stock’s 50 day simple moving average is $151.68 and its 200-day simple moving average is $148.05.

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 dividend of $1.1493 per share. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%.

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.