Ellis Investment Partners LLC Has $28.84 Million Stock Holdings in iShares Select Dividend ETF $DVY

Ellis Investment Partners LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,501 shares of the company’s stock after selling 5,195 shares during the quarter. iShares Select Dividend ETF accounts for approximately 4.4% of Ellis Investment Partners LLC’s holdings, making the stock its 6th biggest position. Ellis Investment Partners LLC owned approximately 0.13% of iShares Select Dividend ETF worth $28,838,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Morgan Stanley grew its position in iShares Select Dividend ETF by 3.6% during the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after purchasing an additional 224,125 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares during the last quarter. Wells Fargo & Company MN raised its holdings in iShares Select Dividend ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after buying an additional 69,658 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of iShares Select Dividend ETF by 3.9% in the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after buying an additional 114,490 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of iShares Select Dividend ETF by 3.8% in the fourth quarter. LPL Financial LLC now owns 1,789,466 shares of the company’s stock worth $252,565,000 after buying an additional 65,691 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.4%

Shares of DVY opened at $165.50 on Friday. The company has a market capitalization of $24.11 billion, a P/E ratio of 13.69 and a beta of 0.66. The firm has a 50 day moving average of $159.47 and a 200 day moving average of $155.25. iShares Select Dividend ETF has a twelve month low of $137.16 and a twelve month high of $166.79.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a yield of 3.0%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.