Bank of Montreal Can Decreases Position in iShares Select Dividend ETF $DVY

Bank of Montreal Can decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 745,590 shares of the company’s stock after selling 7,413 shares during the quarter. Bank of Montreal Can owned about 0.51% of iShares Select Dividend ETF worth $105,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in iShares Select Dividend ETF by 14.3% in the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares in the last quarter. AQR Capital Management LLC grew its position in iShares Select Dividend ETF by 44.7% during the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,918 shares during the last quarter. Simplex Trading LLC increased its stake in iShares Select Dividend ETF by 58.3% during the 2nd quarter. Simplex Trading LLC now owns 2,870 shares of the company’s stock valued at $381,000 after purchasing an additional 1,057 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of iShares Select Dividend ETF by 7.8% in the second quarter. AE Wealth Management LLC now owns 7,921 shares of the company’s stock worth $1,052,000 after buying an additional 574 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of iShares Select Dividend ETF by 14.7% in the second quarter. Allworth Financial LP now owns 27,513 shares of the company’s stock worth $3,654,000 after buying an additional 3,519 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.3%

NASDAQ:DVY opened at $151.09 on Thursday. The company has a market capitalization of $22.04 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $160.38. The firm has a fifty day simple moving average of $151.31 and a 200-day simple moving average of $144.77.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $1.6162 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a yield of 4.3%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.