Sapient Capital LLC Decreases Stock Holdings in iShares Select Dividend ETF $DVY

Sapient Capital LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 41.2% during the first quarter, Holdings Channel.com reports. The fund owned 16,537 shares of the company’s stock after selling 11,579 shares during the quarter. Sapient Capital LLC’s holdings in iShares Select Dividend ETF were worth $2,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Greenwood Capital Associates LLC boosted its holdings in iShares Select Dividend ETF by 187.8% in the 4th quarter. Greenwood Capital Associates LLC now owns 21,787 shares of the company’s stock worth $3,075,000 after buying an additional 14,217 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in iShares Select Dividend ETF by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 57,419 shares of the company’s stock worth $8,104,000 after buying an additional 4,008 shares in the last quarter. First United Bank & Trust lifted its position in shares of iShares Select Dividend ETF by 7.9% in the fourth quarter. First United Bank & Trust now owns 65,081 shares of the company’s stock valued at $9,186,000 after acquiring an additional 4,754 shares in the last quarter. Kelsey Financial LLC purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $473,000. Finally, Allworth Financial LP boosted its stake in shares of iShares Select Dividend ETF by 18.4% in the fourth quarter. Allworth Financial LP now owns 33,387 shares of the company’s stock worth $4,712,000 after acquiring an additional 5,199 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $161.81 on Tuesday. iShares Select Dividend ETF has a one year low of $134.26 and a one year high of $166.79. The stock has a market capitalization of $23.57 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The stock has a 50 day moving average price of $158.00 and a 200 day moving average price of $154.34.

iShares Select Dividend ETF Increases Dividend

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

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.