Northwestern Mutual Wealth Management Co. Sells 28,726 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Northwestern Mutual Wealth Management Co. decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 399,998 shares of the company’s stock after selling 28,726 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.27% of iShares Select Dividend ETF worth $48,391,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Addison Advisors LLC raised its position in iShares Select Dividend ETF by 107.1% in the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock worth $28,000 after acquiring an additional 120 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Select Dividend ETF in the second quarter worth about $30,000. ORG Partners LLC purchased a new position in shares of iShares Select Dividend ETF in the second quarter worth about $32,000. Family Firm Inc. purchased 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 iShares Select Dividend ETF during the second quarter valued at approximately $40,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.5 %

Shares of NASDAQ:DVY opened at $134.74 on Monday. The company has a 50 day moving average of $130.91 and a 200 day moving average of $124.89. The stock has a market cap of $20.03 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $136.36.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th will be given a dividend of $1.5496 per share. The ex-dividend date of this dividend is Wednesday, September 25th.

iShares Select Dividend ETF Company 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.