Titleist Asset Management LLC Grows Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Titleist Asset Management LLC lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 16.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,188 shares of the company’s stock after buying an additional 1,132 shares during the quarter. Titleist Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $1,075,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its holdings in iShares Select Dividend ETF by 194,486.4% in the fourth quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after purchasing an additional 24,476,112 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of iShares Select Dividend ETF by 5.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,875,784 shares of the company’s stock worth $508,852,000 after purchasing an additional 183,589 shares in the last quarter. Bank of New York Mellon Corp grew its stake in iShares Select Dividend ETF by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock worth $247,059,000 after buying an additional 13,228 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares Select Dividend ETF by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock valued at $222,563,000 after buying an additional 314,358 shares in the last quarter. Finally, LPL Financial LLC raised its stake in iShares Select Dividend ETF by 8.9% in the fourth quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock valued at $209,591,000 after buying an additional 130,573 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $122.07 on Monday. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 14.65 and a beta of 0.78. The stock’s 50-day simple moving average is $134.31 and its 200-day simple moving average is $135.02.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were paid a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.