Royal Bank of Canada Cuts Holdings in iShares Select Dividend ETF $DVY

Royal Bank of Canada decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 10.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,746,436 shares of the company’s stock after selling 327,341 shares during the period. Royal Bank of Canada owned about 1.87% of iShares Select Dividend ETF worth $415,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after purchasing an additional 1,524 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF during the second quarter valued at about $34,000. NewEdge Advisors LLC boosted its holdings in shares of iShares Select Dividend ETF by 0.4% in the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after buying an additional 326 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of iShares Select Dividend ETF by 52.8% in the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after buying an additional 8,479 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.3%

Shares of iShares Select Dividend ETF stock opened at $165.42 on Wednesday. The firm’s 50 day moving average price is $157.40 and its 200-day moving average price is $153.87. iShares Select Dividend ETF has a 52-week low of $132.83 and a 52-week high of $166.79. The company has a market cap of $24.09 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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

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.