Bouvel Investment Partners LLC Sells 672 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Bouvel Investment Partners LLC lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 18,375 shares of the company’s stock after selling 672 shares during the period. Bouvel Investment Partners LLC’s holdings in iShares Select Dividend ETF were worth $2,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. boosted its position in shares of iShares Select Dividend ETF by 20.0% during the fourth quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock worth $897,000 after acquiring an additional 1,278 shares during the last quarter. TIAA Trust National Association boosted its position in shares of iShares Select Dividend ETF by 4.7% during the fourth quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock worth $1,140,000 after acquiring an additional 437 shares during the last quarter. Park Place Capital Corp boosted its position in shares of iShares Select Dividend ETF by 1.6% during the fourth quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock worth $984,000 after acquiring an additional 129 shares during the last quarter. Ledge Wealth Management Inc. bought a new position in shares of iShares Select Dividend ETF during the fourth quarter worth $202,000. Finally, Fonville Wealth Management LLC bought a new position in shares of iShares Select Dividend ETF during the fourth quarter worth $518,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.4 %

Shares of NASDAQ:DVY traded up $0.50 during midday trading on Friday, reaching $120.83. 42,713 shares of the company were exchanged, compared to its average volume of 515,630. The business’s fifty day moving average is $121.86 and its two-hundred day moving average is $119.02. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $125.99. The stock has a market cap of $18.36 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were given a dividend of $0.9304 per share. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 annualized dividend and a yield of 3.08%.

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.