Northwestern Mutual Wealth Management Co. Decreases Stock Holdings in iShares Select Dividend ETF $DVY

Northwestern Mutual Wealth Management Co. lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 27.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,005 shares of the company’s stock after selling 113,586 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Select Dividend ETF were worth $46,735,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC raised 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 buying an additional 1,524 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of iShares Select Dividend ETF by 44.7% during the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after acquiring an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth about $34,000. NewEdge Advisors LLC increased 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 acquiring an additional 326 shares during the last quarter. Finally, Quantinno Capital Management LP increased 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 acquiring an additional 8,479 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 NASDAQ DVY opened at $162.81 on Wednesday. iShares Select Dividend ETF has a fifty-two week low of $137.16 and a fifty-two week high of $167.06. The firm has a market capitalization of $23.71 billion, a PE ratio of 13.69 and a beta of 0.66. The stock’s 50-day simple moving average is $161.58 and its 200-day simple moving average is $156.25.

iShares Select Dividend ETF Increases Dividend

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

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.