Northwestern Mutual Wealth Management Co. Has $901.25 Million Holdings in iShares Select Dividend ETF $DVY

Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1,771.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,385,482 shares of the company’s stock after buying an additional 6,044,290 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 4.38% of iShares Select Dividend ETF worth $901,247,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $26,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $27,000. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF during the second quarter worth $34,000. Headlands Technologies LLC acquired a new stake in shares of iShares Select Dividend ETF during the second quarter worth $38,000. Finally, Arvest Investments Inc. acquired a new stake in iShares Select Dividend ETF in the fourth quarter worth $50,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 1.0%

NASDAQ:DVY opened at $150.96 on Friday. The stock has a market capitalization of $22.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. The firm has a fifty day simple moving average of $151.68 and a two-hundred day simple moving average of $148.05. iShares Select Dividend ETF has a 12 month low of $128.96 and a 12 month high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $1.1493 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, March 17th.

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.