North Star Investment Management Corp. reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 189,926 shares of the company’s stock after selling 2,821 shares during the quarter. iShares Select Dividend ETF accounts for 2.3% of North Star Investment Management Corp.’s investment portfolio, making the stock its 4th largest holding. North Star Investment Management Corp.’s holdings in iShares Select Dividend ETF were worth $18,719,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Suntrust Banks Inc. raised its position in iShares Select Dividend ETF by 4.7% during the 2nd quarter. Suntrust Banks Inc. now owns 2,787,640 shares of the company’s stock worth $257,046,000 after purchasing an additional 124,298 shares during the last quarter. BlackRock Inc. raised its position in iShares Select Dividend ETF by 1.7% during the 2nd quarter. BlackRock Inc. now owns 1,250,889 shares of the company’s stock worth $115,345,000 after purchasing an additional 21,208 shares during the last quarter. Envestnet Asset Management Inc. raised its position in iShares Select Dividend ETF by 3.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,193,766 shares of the company’s stock worth $111,798,000 after purchasing an additional 44,507 shares during the last quarter. Royal Bank of Canada raised its position in iShares Select Dividend ETF by 1.8% during the 2nd quarter. Royal Bank of Canada now owns 920,308 shares of the company’s stock worth $84,861,000 after purchasing an additional 16,571 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in iShares Select Dividend ETF by 5.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 741,271 shares of the company’s stock worth $69,422,000 after acquiring an additional 35,895 shares during the period.

Shares of iShares Select Dividend ETF (NASDAQ:DVY) traded up $0.79 during trading on Thursday, reaching $99.83. The company’s stock had a trading volume of 818,000 shares, compared to its average volume of 858,229. iShares Select Dividend ETF has a 52-week low of $88.03 and a 52-week high of $99.99. The firm has a market cap of $17,990.00, a P/E ratio of 16.98 and a beta of 0.75.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 20th were issued a dividend of $0.798 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.73. This represents a $3.19 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, December 19th. iShares Select Dividend ETF’s dividend payout ratio (DPR) is presently 50.34%.

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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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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