Lido Advisors LLC Sells 11,857 Shares of iShares Select Dividend ETF $DVY

Lido Advisors LLC decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 10.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 101,349 shares of the company’s stock after selling 11,857 shares during the period. Lido Advisors LLC’s holdings in iShares Select Dividend ETF were worth $15,345,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DVY. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after acquiring an additional 6,044,290 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after purchasing an additional 445,910 shares in the last quarter. Fifth Third Bancorp raised its position in iShares Select Dividend ETF by 178.6% in the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after purchasing an additional 413,908 shares in the last quarter. Align Financial LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter worth about $39,639,000. Finally, Morgan Stanley lifted its stake in iShares Select Dividend ETF by 3.6% during the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.7%

NASDAQ DVY opened at $160.88 on Friday. The stock’s 50 day moving average is $156.69 and its two-hundred day moving average is $153.44. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 1-year low of $132.83 and a 1-year high of $164.73.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.2472 dividend. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.