Kayne Anderson Rudnick Investment Management LLC Decreases Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Kayne Anderson Rudnick Investment Management LLC lessened its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 13.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,696 shares of the company’s stock after selling 4,904 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $3,834,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Addison Advisors LLC grew its position in shares of iShares Select Dividend ETF by 107.1% during the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares during the period. 1620 Investment Advisors Inc. bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $30,000. ORG Partners LLC purchased a new stake in iShares Select Dividend ETF in the second quarter worth about $32,000. Family Firm Inc. bought a new position in shares of iShares Select Dividend ETF in the second quarter worth about $36,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $40,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $135.26 on Monday. The business’s 50 day simple moving average is $130.14 and its 200-day simple moving average is $124.36. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $136.11. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

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.