Raymond James Financial Services Advisors Inc. Sells 355,517 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Raymond James Financial Services Advisors Inc. lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVYFree Report) by 40.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 515,674 shares of the company’s stock after selling 355,517 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $60,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DVY. Moneta Group Investment Advisors LLC lifted its holdings in shares of iShares Select Dividend ETF by 107,178.5% during the fourth 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 in the last quarter. Morgan Stanley grew its stake in shares of iShares Select Dividend ETF by 12.1% in the fourth quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock worth $922,406,000 after acquiring an additional 823,118 shares during the period. Northern Trust Corp raised its holdings in shares of iShares Select Dividend ETF by 3.0% during the third 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 during the last quarter. Royal Bank of Canada lifted its position 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 valued at $277,635,000 after purchasing an additional 64,326 shares during the period. Finally, JPMorgan Chase & Co. grew its position in iShares Select Dividend ETF by 4.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,309,882 shares of the company’s stock worth $148,410,000 after purchasing an additional 57,503 shares during the period. 47.25% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $120.43 on Tuesday. The business’s fifty day moving average price is $116.63 and its 200-day moving average price is $113.09. The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $121.66.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd will be given a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, March 21st.

About iShares Select Dividend ETF

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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