DAVENPORT & Co LLC Has $13.16 Million Holdings in iShares Select Dividend ETF $DVY

DAVENPORT & Co LLC lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,269 shares of the company’s stock after buying an additional 8,903 shares during the quarter. DAVENPORT & Co LLC owned about 0.06% of iShares Select Dividend ETF worth $13,164,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. David J Yvars Group raised its position in iShares Select Dividend ETF by 1.5% during the fourth quarter. David J Yvars Group now owns 13,318 shares of the company’s stock worth $1,882,000 after acquiring an additional 197 shares in the last quarter. Gilman Hill Asset Management LLC grew its position in shares of iShares Select Dividend ETF by 2,188.6% in the 4th quarter. Gilman Hill Asset Management LLC now owns 48,290 shares of the company’s stock valued at $6,816,000 after acquiring an additional 46,180 shares during the period. Kaydan Wealth Management Inc. increased its stake in shares of iShares Select Dividend ETF by 3.1% during the 4th quarter. Kaydan Wealth Management Inc. now owns 15,969 shares of the company’s stock worth $2,254,000 after purchasing an additional 481 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of iShares Select Dividend ETF by 4.1% in the 4th quarter. Focus Financial Network Inc. now owns 9,992 shares of the company’s stock valued at $1,410,000 after purchasing an additional 398 shares during the period. Finally, KWB Wealth bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $236,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $149.53 on Thursday. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $160.38. The company has a market capitalization of $21.81 billion, a P/E ratio of 13.69 and a beta of 0.77. The company has a 50-day simple moving average of $152.29 and a 200 day simple moving average of $145.31.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $1.1493 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 annualized dividend and a yield of 3.1%.

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.