Bessemer Group Inc. Sells 10,612 Shares of iShares Select Dividend ETF $DVY

Bessemer Group Inc. decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 31.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,185 shares of the company’s stock after selling 10,612 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Select Dividend ETF were worth $3,295,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new stake in iShares Select Dividend ETF in the second quarter valued at $27,000. Financial Gravity Companies Inc. bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $29,000. Total Investment Management Inc. acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $29,000. Kilter Group LLC bought a new position in iShares Select Dividend ETF during the second quarter worth about $31,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in iShares Select Dividend ETF by 242.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock worth $36,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.4%

NASDAQ:DVY opened at $155.44 on Friday. The stock’s 50 day moving average price is $145.34 and its two-hundred day moving average price is $141.87. The firm has a market capitalization of $22.67 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $155.61.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $1.6162 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a yield of 4.2%.

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.