Balentine LLC Reduces Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Balentine LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,776 shares of the company’s stock after selling 3,487 shares during the quarter. iShares Select Dividend ETF comprises about 0.2% of Balentine LLC’s holdings, making the stock its 21st largest holding. Balentine LLC’s holdings in iShares Select Dividend ETF were worth $6,141,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its position in shares of iShares Select Dividend ETF by 17,525.9% during the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after buying an additional 4,348,183 shares during the period. LPL Financial LLC increased its stake in iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after acquiring an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares during the period. Raymond James & Associates raised its position in iShares Select Dividend ETF by 2.9% in the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after purchasing an additional 16,512 shares during the period. Finally, Miller Howard Investments Inc. NY lifted its stake in shares of iShares Select Dividend ETF by 369.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock valued at $65,504,000 after purchasing an additional 392,667 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.2 %

Shares of NASDAQ:DVY opened at $134.38 on Tuesday. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $112.42 and a 12-month high of $144.09. The business has a 50-day moving average price of $134.14 and a 200 day moving average price of $133.98.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

iShares Select Dividend ETF 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.