Platte River Wealth Advisors LLC Lowers Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Platte River Wealth Advisors LLC lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 23,359 shares of the company’s stock after selling 503 shares during the quarter. iShares Select Dividend ETF comprises about 0.8% of Platte River Wealth Advisors LLC’s portfolio, making the stock its 28th largest holding. Platte River Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,826,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $27,000. ORG Partners LLC acquired a new position in iShares Select Dividend ETF during the second quarter worth about $32,000. Triad Wealth Partners LLC acquired a new position in iShares Select Dividend ETF during the second quarter worth about $40,000. Headlands Technologies LLC increased its holdings in iShares Select Dividend ETF by 884.6% in the first quarter. Headlands Technologies LLC now owns 384 shares of the company’s stock valued at $47,000 after buying an additional 345 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of iShares Select Dividend ETF by 91.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 186 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.6 %

Shares of DVY traded up $0.82 on Monday, reaching $130.39. The stock had a trading volume of 283,290 shares, compared to its average volume of 492,553. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $131.02. The firm has a market capitalization of $19.38 billion, a PE ratio of 13.25 and a beta of 0.87. The firm has a 50-day moving average of $124.14 and a 200 day moving average of $121.33.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were given a dividend of $0.9304 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Tuesday, June 11th.

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.