Marietta Investment Partners LLC Reduces Position in iShares Select Dividend ETF $DVY

Marietta Investment Partners LLC cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 41.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,600 shares of the company’s stock after selling 4,000 shares during the period. Marietta Investment Partners LLC’s holdings in iShares Select Dividend ETF were worth $790,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $26,000. Ransom Advisory Ltd purchased a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. Headlands Technologies LLC purchased a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $38,000. Finally, Arvest Investments Inc. purchased a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $50,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $153.66 on Thursday. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 1 year low of $129.36 and a 1 year high of $160.38. The firm has a 50-day moving average of $152.71 and a two-hundred day moving average of $149.40.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a $1.1493 dividend. This represents a $4.60 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.