Sapient Capital LLC Lowers Holdings in iShares Select Dividend ETF $DVY

Sapient Capital LLC cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 41.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,537 shares of the company’s stock after selling 11,579 shares during the quarter. Sapient Capital LLC’s holdings in iShares Select Dividend ETF were worth $2,504,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after buying an additional 1,524 shares in the last quarter. AQR Capital Management LLC increased its holdings in iShares Select Dividend ETF by 44.7% in the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF in the second quarter worth about $34,000. NewEdge Advisors LLC raised its position in shares of iShares Select Dividend ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after acquiring an additional 326 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of iShares Select Dividend ETF by 52.8% during the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after acquiring an additional 8,479 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.4%

NASDAQ:DVY opened at $161.81 on Tuesday. iShares Select Dividend ETF has a 52 week low of $134.26 and a 52 week high of $166.79. The stock has a market capitalization of $23.57 billion, a PE ratio of 13.69 and a beta of 0.66. The stock’s 50-day moving average price is $158.00 and its 200-day moving average price is $154.34.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.2472 dividend. This represents a $4.99 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.