Thrivent Financial for Lutherans Sells 9,681 Shares of iShares Select Dividend ETF $DVY

Thrivent Financial for Lutherans reduced its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 67.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,689 shares of the company’s stock after selling 9,681 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares Select Dividend ETF were worth $666,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DVY. Parvin Asset Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $27,000. Financial Gravity Companies Inc. acquired a new stake in iShares Select Dividend ETF during the 2nd quarter valued at $29,000. Total Investment Management Inc. bought a new position in iShares Select Dividend ETF during the second quarter worth $29,000. Kilter Group LLC acquired a new position in shares of iShares Select Dividend ETF in the second quarter valued at $31,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of iShares Select Dividend ETF by 242.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after purchasing an additional 182 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $157.93 on Tuesday. The stock has a market cap of $23.03 billion, a PE ratio of 13.69 and a beta of 0.77. The firm has a 50-day moving average of $147.13 and a 200-day moving average of $142.74. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $158.82.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This represents a $6.46 annualized dividend and a yield of 4.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th.

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