Fifth Third Wealth Advisors LLC Lowers Stake in iShares Select Dividend ETF $DVY

Fifth Third Wealth Advisors LLC cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,879 shares of the company’s stock after selling 4,261 shares during the period. iShares Select Dividend ETF comprises about 0.7% of Fifth Third Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Fifth Third Wealth Advisors LLC owned 0.10% of iShares Select Dividend ETF worth $20,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DVY. Romano Brothers AND Company grew its stake in iShares Select Dividend ETF by 0.7% in the 4th quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock worth $1,415,000 after acquiring an additional 70 shares in the last quarter. Code Waechter LLC boosted its holdings in shares of iShares Select Dividend ETF by 1.0% in the third quarter. Code Waechter LLC now owns 7,120 shares of the company’s stock valued at $1,005,000 after purchasing an additional 71 shares during the period. Compound Planning Inc. boosted its holdings in shares of iShares Select Dividend ETF by 2.7% in the third quarter. Compound Planning Inc. now owns 2,785 shares of the company’s stock valued at $396,000 after purchasing an additional 74 shares during the period. Murphy & Mullick Capital Management Corp grew its stake in iShares Select Dividend ETF by 24.8% in the third quarter. Murphy & Mullick Capital Management Corp now owns 382 shares of the company’s stock worth $53,000 after purchasing an additional 76 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC grew its stake in iShares Select Dividend ETF by 1.7% in the third quarter. Jackson Hole Capital Partners LLC now owns 5,128 shares of the company’s stock worth $729,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.9%

DVY opened at $151.41 on Wednesday. The stock’s fifty day moving average is $152.53 and its two-hundred day moving average is $145.58. The company has a market capitalization of $22.08 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $1.1493 per share. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 annualized dividend and a dividend yield of 3.0%.

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