LMG Wealth Partners LLC Sells 121 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

LMG Wealth Partners LLC lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.3% in the second quarter, HoldingsChannel.com reports. The firm owned 38,300 shares of the company’s stock after selling 121 shares during the quarter. LMG Wealth Partners LLC’s holdings in iShares Select Dividend ETF were worth $4,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of iShares Select Dividend ETF by 8.7% in the fourth quarter. International Assets Investment Management LLC now owns 20,538 shares of the company’s stock worth $2,407,000 after purchasing an additional 1,639 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $27,000. Fisher Asset Management LLC purchased a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $483,000. Merit Financial Group LLC bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $225,000. Finally, Wealthcare Advisory Partners LLC lifted its stake in iShares Select Dividend ETF by 3.2% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 18,358 shares of the company’s stock worth $2,152,000 after acquiring an additional 573 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY traded down $0.51 during trading hours on Tuesday, hitting $133.56. The company had a trading volume of 76,098 shares, compared to its average volume of 484,735. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $134.13. The company has a market capitalization of $19.85 billion, a PE ratio of 13.25 and a beta of 0.87. The stock has a 50-day moving average price of $126.70 and a 200 day moving average price of $122.69.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.9304 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Tuesday, June 11th.

iShares Select Dividend ETF 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.