Stephens Inc. AR Lowers Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Stephens Inc. AR reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,842 shares of the company’s stock after selling 1,571 shares during the period. Stephens Inc. AR’s holdings in iShares Select Dividend ETF were worth $2,474,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC increased its position in shares of iShares Select Dividend ETF by 17,525.9% in the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after acquiring an additional 4,348,183 shares in the last quarter. LPL Financial LLC boosted its stake in shares of iShares Select Dividend ETF by 4.6% during the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after buying an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Select Dividend ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after acquiring an additional 7,012 shares in the last quarter. Raymond James & Associates increased its holdings in iShares Select Dividend ETF by 2.9% in the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after buying an additional 16,512 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of iShares Select Dividend ETF by 0.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock valued at $54,510,000 after acquiring an additional 2,072 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $135.21 on Wednesday. The firm’s 50-day moving average is $133.99 and its 200-day moving average is $134.02. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09. The company has a market cap of $20.10 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.