Mill Creek Capital Advisors LLC Sells 6,042 Shares of iShares Select Dividend ETF $DVY

Mill Creek Capital Advisors LLC cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 26.5% in the third quarter, Holdings Channel reports. The fund owned 16,717 shares of the company’s stock after selling 6,042 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,376,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DVY. Laurel Wealth Advisors LLC lifted its position in shares of iShares Select Dividend ETF by 13,158.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock worth $252,022,000 after purchasing an additional 1,883,298 shares during the period. Orion Porfolio Solutions LLC increased its holdings in iShares Select Dividend ETF by 526.0% during the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock valued at $24,091,000 after buying an additional 152,417 shares during the period. MML Investors Services LLC raised its stake in iShares Select Dividend ETF by 157.2% in the second quarter. MML Investors Services LLC now owns 86,631 shares of the company’s stock worth $11,505,000 after buying an additional 52,952 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares Select Dividend ETF by 3.5% in the second quarter. JPMorgan Chase & Co. now owns 1,524,690 shares of the company’s stock worth $202,494,000 after buying an additional 51,089 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in iShares Select Dividend ETF by 16.3% during the second quarter. Osaic Holdings Inc. now owns 352,044 shares of the company’s stock worth $46,831,000 after buying an additional 49,367 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.3%

Shares of NASDAQ DVY opened at $156.68 on Friday. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $160.38. The stock’s fifty day simple moving average is $149.26 and its two-hundred day simple moving average is $143.80. The stock has a market capitalization of $22.85 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $1.6162 dividend. This represents a $6.46 annualized dividend and a yield of 4.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th.

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.