iShares Select Dividend ETF (DVY) Stake Lessened by Covington Capital Management

Covington Capital Management lessened its stake in iShares Select Dividend ETF (NYSEARCA:DVY) by 51.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250,896 shares of the company’s stock after selling 269,270 shares during the quarter. iShares Select Dividend ETF makes up approximately 1.4% of Covington Capital Management’s holdings, making the stock its 14th biggest holding. Covington Capital Management’s holdings in iShares Select Dividend ETF were worth $17,697,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Orleans Capital Management Corp LA raised its stake in shares of iShares Select Dividend ETF by 0.7% in the 2nd quarter. Orleans Capital Management Corp LA now owns 6,750 shares of the company’s stock valued at $622,000 after purchasing an additional 50 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $420,000. Intellectus Partners LLC acquired a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $174,000. Psagot Investment House Ltd. raised its stake in shares of iShares Select Dividend ETF by 41.4% in the 2nd quarter. Psagot Investment House Ltd. now owns 39,322 shares of the company’s stock valued at $3,626,000 after purchasing an additional 11,516 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 9.3% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 43,142 shares of the company’s stock valued at $3,978,000 after purchasing an additional 3,665 shares in the last quarter.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 27th were given a $0.7277 dividend. The ex-dividend date of this dividend was Tuesday, September 26th. This represents a $2.91 annualized dividend and a yield of 3.06%.

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.

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

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