Focus Partners Wealth Cuts Stock Position in iShares Select Dividend ETF $DVY

Focus Partners Wealth reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 0.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 401,434 shares of the company’s stock after selling 883 shares during the quarter. Focus Partners Wealth owned 0.27% of iShares Select Dividend ETF worth $53,909,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in iShares Select Dividend ETF in the first quarter worth about $30,000. IMA Advisory Services Inc. bought a new position in shares of iShares Select Dividend ETF during the 1st quarter valued at approximately $34,000. Cypress Capital Management LLC WY purchased a new stake in shares of iShares Select Dividend ETF during the 1st quarter worth approximately $35,000. Mpwm Advisory Solutions LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth approximately $40,000. Finally, First Pacific Financial bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter worth approximately $40,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.0%

iShares Select Dividend ETF stock opened at $141.13 on Thursday. The business’s 50 day simple moving average is $137.97 and its 200 day simple moving average is $133.20. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The company has a market cap of $20.69 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were given a $1.2333 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. This represents a $4.93 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 16th.

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.