Dumont & Blake Investment Advisors LLC Sells 797 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Dumont & Blake Investment Advisors LLC cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,529 shares of the company’s stock after selling 797 shares during the quarter. iShares Select Dividend ETF comprises about 2.4% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 7th largest position. Dumont & Blake Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $8,195,000 at the end of the most recent reporting period.

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

iShares Select Dividend ETF Stock Up 0.5 %

DVY stock traded up $0.65 during midday trading on Friday, reaching $120.98. 321,555 shares of the company’s stock traded hands, compared to its average volume of 517,879. The firm’s fifty day moving average price is $121.98 and its 200-day moving average price is $119.10. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $125.99. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a $0.9304 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.08%.

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.