Ellis Investment Partners LLC Decreases Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Ellis Investment Partners LLC lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,957 shares of the company’s stock after selling 4,498 shares during the quarter. iShares Select Dividend ETF makes up about 6.2% of Ellis Investment Partners LLC’s investment portfolio, making the stock its largest position. Ellis Investment Partners LLC owned approximately 0.15% of iShares Select Dividend ETF worth $28,573,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of iShares Select Dividend ETF by 2.6% in the 3rd quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock valued at $277,635,000 after buying an additional 64,326 shares during the period. International Assets Investment Management LLC grew its holdings 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 acquiring an additional 2,388,510 shares in the last quarter. Truist Financial Corp increased its position in shares of iShares Select Dividend ETF by 5.9% in the fourth 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 last quarter. Comerica Bank bought a new stake in iShares Select Dividend ETF during the third quarter worth about $61,160,000. Finally, Miller Howard Investments Inc. NY boosted its position in iShares Select Dividend ETF by 110.0% during the fourth quarter. Miller Howard Investments Inc. NY now owns 403,081 shares of the company’s stock valued at $47,249,000 after purchasing an additional 211,112 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.6 %

NASDAQ:DVY opened at $119.87 on Thursday. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $125.99. The stock’s 50 day moving average price is $121.78 and its two-hundred day moving average price is $119.01.

iShares Select Dividend ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Tuesday, June 11th.

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.