Palisade Asset Management LLC Lowers Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Palisade Asset Management LLC decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 43.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,721 shares of the company’s stock after selling 2,080 shares during the quarter. Palisade Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $319,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DVY. Northern Trust Corp lifted its stake in shares of iShares Select Dividend ETF by 3.0% in the 3rd quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock valued at $370,994,000 after purchasing an additional 101,996 shares in the last quarter. Royal Bank of Canada grew its stake in iShares Select Dividend ETF by 2.6% during the third quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock worth $277,635,000 after buying an additional 64,326 shares during the period. International Assets Investment Management LLC increased its position in shares of iShares Select Dividend ETF by 12,638.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after acquiring an additional 2,388,510 shares in the last quarter. Truist Financial Corp raised its stake in shares of iShares Select Dividend ETF by 5.9% in the 4th quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock valued at $176,469,000 after acquiring an additional 84,251 shares during the period. Finally, Comerica Bank acquired a new position in shares of iShares Select Dividend ETF during the 3rd quarter valued at $61,160,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY traded up $0.50 during trading hours on Tuesday, hitting $122.44. The company had a trading volume of 280,109 shares, compared to its average volume of 557,266. The firm’s 50 day moving average is $119.82 and its 200 day moving average is $115.63. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 13.25 and a beta of 0.68. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $123.43.

iShares Select Dividend ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Thursday, March 21st.

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.