Northwestern Mutual Wealth Management Co. Purchases 6,044,290 Shares of iShares Select Dividend ETF $DVY

by · The Cerbat Gem

Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 1,771.5% during the fourth quarter, Holdings Channel reports. The firm owned 6,385,482 shares of the company’s stock after acquiring an additional 6,044,290 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Select Dividend ETF were worth $901,247,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Archer Investment Corp lifted its position in shares of iShares Select Dividend ETF by 0.9% during the fourth quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock valued at $1,106,000 after purchasing an additional 69 shares in the last quarter. Romano Brothers AND Company lifted its position in shares of iShares Select Dividend ETF by 0.7% during the fourth quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock valued at $1,415,000 after purchasing an additional 70 shares in the last quarter. Compound Planning Inc. lifted its position in shares of iShares Select Dividend ETF by 2.7% during the third quarter. Compound Planning Inc. now owns 2,785 shares of the company’s stock valued at $396,000 after purchasing an additional 74 shares in the last quarter. Journey Advisory Group LLC lifted its position in shares of iShares Select Dividend ETF by 0.8% during the fourth quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock valued at $1,368,000 after purchasing an additional 75 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp lifted its position in shares of iShares Select Dividend ETF by 24.8% during the third quarter. Murphy & Mullick Capital Management Corp now owns 382 shares of the company’s stock valued at $53,000 after purchasing an additional 76 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

DVY opened at $150.96 on Friday. The company’s 50-day moving average is $151.68 and its 200 day moving average is $148.05. iShares Select Dividend ETF has a fifty-two week low of $128.96 and a fifty-two week high of $160.38. The firm has a market capitalization of $22.21 billion, a P/E ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $1.1493 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

iShares Select Dividend ETF Company Profile

(Free Report)

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.

See Also

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