Ellis Investment Partners LLC Has $28.84 Million Stake in iShares Select Dividend ETF $DVY

Ellis Investment Partners LLC reduced its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 2.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,501 shares of the company’s stock after selling 5,195 shares during the period. iShares Select Dividend ETF makes up 4.4% of Ellis Investment Partners LLC’s portfolio, making the stock its 6th largest holding. Ellis Investment Partners LLC’s holdings in iShares Select Dividend ETF were worth $28,838,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Caitlin John LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at $25,000. Elevated Capital Advisors LLC purchased a new stake in iShares Select Dividend ETF during the fourth quarter worth $26,000. Miller Capital Partners Inc. purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $30,000. Main Street Group LTD bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $33,000. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF in the second quarter valued at approximately $34,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $165.50 on Friday. The firm has a market capitalization of $24.11 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a fifty-two week low of $137.16 and a fifty-two week high of $166.79. The stock’s 50-day simple moving average is $159.47 and its 200-day simple moving average is $155.25.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $1.2472 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a yield of 3.0%.

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