Salem Investment Counselors Inc. Lowers Stake in iShares Select Dividend ETF $DVY

Salem Investment Counselors Inc. lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 15,253 shares of the company’s stock after selling 160 shares during the period. Salem Investment Counselors Inc.’s holdings in iShares Select Dividend ETF were worth $2,026,000 at the end of the most recent reporting period.

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

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $141.93 on Friday. The stock has a market cap of $20.81 billion, a P/E ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09. The firm’s 50 day moving average price is $138.19 and its 200-day moving average price is $133.25.

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.