Steinberg Global Asset Management Lowers Stake in iShares Select Dividend ETF (DVY)

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Steinberg Global Asset Management reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 90.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,069 shares of the company’s stock after selling 68,694 shares during the period. Steinberg Global Asset Management’s holdings in iShares Select Dividend ETF were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVY. Legacy Bridge LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $31,000. Bartlett & Co. LLC grew its stake in shares of iShares Select Dividend ETF by 500.0% during the fourth quarter. Bartlett & Co. LLC now owns 360 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the period. Cascade Investment Advisors Inc. acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $33,000. Truvestments Capital LLC acquired a new stake in shares of iShares Select Dividend ETF during the first quarter worth $42,000. Finally, JOYN Advisors Inc. grew its stake in shares of iShares Select Dividend ETF by 40.5% during the fourth quarter. JOYN Advisors Inc. now owns 486 shares of the company’s stock worth $43,000 after purchasing an additional 140 shares during the period.

NASDAQ:DVY opened at $100.17 on Tuesday. iShares Select Dividend ETF has a 1 year low of $84.62 and a 1 year high of $102.54.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 21st were paid a $0.8712 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.48%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Wednesday, March 20th.

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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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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