Principle Wealth Partners LLC Sells 5,282 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Principle Wealth Partners LLC decreased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,321 shares of the company’s stock after selling 5,282 shares during the quarter. Principle Wealth Partners LLC’s holdings in iShares Select Dividend ETF were worth $2,616,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $27,000. Parkside Financial Bank & Trust grew its stake in shares of iShares Select Dividend ETF by 91.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 186 shares during the last quarter. JNBA Financial Advisors grew its stake in shares of iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after acquiring an additional 94 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $57,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $58,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock traded down $0.42 during trading on Friday, hitting $119.78. 322,915 shares of the company’s stock traded hands, compared to its average volume of 573,232. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $123.43. The stock has a market capitalization of $18.20 billion, a P/E ratio of 12.98 and a beta of 0.87. The business has a 50-day simple moving average of $119.11 and a 200-day simple moving average of $114.89.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were given a dividend of $0.9976 per share. The ex-dividend date was Thursday, March 21st. This represents a $3.99 annualized dividend and a dividend yield of 3.33%.

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.