Envestnet Asset Management Inc. Has $201.94 Million Stock Position in iShares Select Dividend ETF $DVY

Envestnet Asset Management Inc. lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 11.9% during the third quarter, HoldingsChannel reports. The fund owned 1,421,094 shares of the company’s stock after selling 191,310 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Select Dividend ETF were worth $201,937,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC raised its position in shares of iShares Select Dividend ETF by 13,158.9% during the second quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock valued at $252,022,000 after buying an additional 1,883,298 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares Select Dividend ETF by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 1,524,690 shares of the company’s stock valued at $202,494,000 after acquiring an additional 51,089 shares during the period. US Bancorp DE raised its holdings in iShares Select Dividend ETF by 1.3% in the 2nd quarter. US Bancorp DE now owns 1,137,906 shares of the company’s stock valued at $151,125,000 after acquiring an additional 15,019 shares in the last quarter. Howard Capital Management Inc. raised its holdings in iShares Select Dividend ETF by 2.7% in the 2nd quarter. Howard Capital Management Inc. now owns 1,011,427 shares of the company’s stock valued at $134,328,000 after acquiring an additional 26,827 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of iShares Select Dividend ETF by 0.7% in the 2nd quarter. Cetera Investment Advisers now owns 388,313 shares of the company’s stock worth $51,572,000 after acquiring an additional 2,845 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.7%

DVY opened at $153.25 on Friday. The stock has a market cap of $22.35 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $154.85. The stock’s 50 day simple moving average is $145.10 and its 200-day simple moving average is $141.70.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $1.6162 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $6.46 annualized dividend and a yield of 4.2%.

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.