Johnson Investment Counsel Inc. Sells 2,985 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Johnson Investment Counsel Inc. lowered its position in iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,336 shares of the company’s stock after selling 2,985 shares during the period. Johnson Investment Counsel Inc.’s holdings in iShares Select Dividend ETF were worth $3,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Optiver Holding B.V. bought a new stake in iShares Select Dividend ETF in the first quarter worth about $34,000. Hanseatic Management Services Inc. increased its position in shares of iShares Select Dividend ETF by 838.2% during the first quarter. Hanseatic Management Services Inc. now owns 319 shares of the company’s stock worth $41,000 after acquiring an additional 285 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of iShares Select Dividend ETF during the third quarter worth approximately $35,000. Cascade Investment Advisors Inc. purchased a new stake in shares of iShares Select Dividend ETF in the 1st quarter worth $38,000. Finally, Financial Freedom LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $45,000. Institutional investors own 47.25% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.7 %

Shares of iShares Select Dividend ETF stock traded up $0.76 during trading on Friday, hitting $110.33. 472,908 shares of the stock traded hands, compared to its average volume of 685,251. The stock’s fifty day simple moving average is $107.91 and its 200 day simple moving average is $111.34. The firm has a market cap of $18.03 billion, a P/E ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $126.89.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 27th were given a dividend of $1.4647 per share. This represents a $5.86 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date was Tuesday, September 26th.

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.