Crescent Grove Advisors LLC Sells 5,011 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Crescent Grove Advisors LLC trimmed its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 23.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,554 shares of the company’s stock after selling 5,011 shares during the period. Crescent Grove Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DVY. Moneta Group Investment Advisors LLC grew its stake in shares of iShares Select Dividend ETF by 107,178.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 75,921,028 shares of the company’s stock valued at $9,156,076,000 after purchasing an additional 75,850,258 shares during the period. International Assets Investment Management LLC grew its stake in shares of iShares Select Dividend ETF by 12,638.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after purchasing an additional 2,388,510 shares during the period. Sowell Financial Services LLC grew its stake in shares of iShares Select Dividend ETF by 7,874.8% in the 1st quarter. Sowell Financial Services LLC now owns 1,287,928 shares of the company’s stock valued at $113,110,000 after purchasing an additional 1,271,778 shares during the period. Morgan Stanley grew its stake in shares of iShares Select Dividend ETF by 12.1% in the 4th quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock valued at $922,406,000 after purchasing an additional 823,118 shares during the period. Finally, Comerica Bank bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at approximately $61,160,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock traded down $0.75 during trading hours on Monday, hitting $116.79. The company had a trading volume of 1,557,983 shares, compared to its average volume of 586,848. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87. The firm’s fifty day moving average is $118.28 and its 200 day moving average is $114.06.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a $0.9976 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 annualized dividend and a dividend yield of 3.42%.

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.