Shulman DeMeo Asset Management LLC Has $4 Million Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Shulman DeMeo Asset Management LLC cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,435 shares of the company’s stock after selling 542 shares during the quarter. iShares Select Dividend ETF comprises 1.1% of Shulman DeMeo Asset Management LLC’s portfolio, making the stock its 10th biggest holding. Shulman DeMeo Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $3,995,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $27,000. Parkside Financial Bank & Trust grew its holdings in iShares Select Dividend ETF by 91.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after buying an additional 186 shares in the last quarter. Richardson Financial Services Inc. bought a new position in iShares Select Dividend ETF during the 4th quarter worth $49,000. Fortitude Family Office LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $57,000. Finally, Financial Connections Group Inc. bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at about $58,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY traded down $0.24 during trading hours on Thursday, reaching $120.33. 335,643 shares of the company were exchanged, compared to its average volume of 519,475. The business has a 50 day moving average of $121.86 and a 200 day moving average of $119.02. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $125.99. The company has a market capitalization of $18.28 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a $0.9304 dividend. This represents a $3.72 annualized dividend and a yield of 3.09%. The ex-dividend date was Tuesday, June 11th.

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.