Cornerstone Management Inc. Has $5.02 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Cornerstone Management Inc. lowered its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,166 shares of the company’s stock after selling 118 shares during the period. iShares Select Dividend ETF comprises about 1.0% of Cornerstone Management Inc.’s portfolio, making the stock its 17th largest holding. Cornerstone Management Inc.’s holdings in iShares Select Dividend ETF were worth $5,020,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DVY. Jane Street Group LLC lifted its position in shares of iShares Select Dividend ETF by 1,872.8% in the 1st quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock worth $76,060,000 after purchasing an additional 586,170 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in shares of iShares Select Dividend ETF by 400.3% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 315,140 shares of the company’s stock worth $38,126,000 after buying an additional 252,150 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of iShares Select Dividend ETF by 72.7% in the 2nd quarter. National Bank of Canada FI now owns 213,193 shares of the company’s stock worth $25,556,000 after buying an additional 89,727 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in iShares Select Dividend ETF by 728.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 73,108 shares of the company’s stock valued at $9,005,000 after purchasing an additional 64,288 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF in the second quarter worth about $5,769,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.1 %

Shares of DVY stock traded down $0.10 during trading on Thursday, hitting $133.34. The company had a trading volume of 15,820 shares, compared to its average volume of 464,669. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $136.36. The stock’s 50-day moving average is $131.73 and its two-hundred day moving average is $125.62. The stock has a market capitalization of $19.94 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid a $1.5496 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

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.