Mezzasalma Advisors LLC Cuts Stock Position in iShares Select Dividend ETF $DVY

Mezzasalma Advisors LLC lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,926 shares of the company’s stock after selling 214 shares during the period. Mezzasalma Advisors LLC’s holdings in iShares Select Dividend ETF were worth $521,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. bought a new position in shares of iShares Select Dividend ETF during the first quarter valued at $30,000. IMA Advisory Services Inc. bought a new position in iShares Select Dividend ETF in the 1st quarter worth about $34,000. Cypress Capital Management LLC WY purchased a new stake in iShares Select Dividend ETF during the 1st quarter valued at about $35,000. First Pacific Financial bought a new stake in iShares Select Dividend ETF during the 1st quarter valued at about $40,000. Finally, Creative Capital Management Investments LLC increased its stake in iShares Select Dividend ETF by 82.1% during the 2nd quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after purchasing an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $140.19 on Friday. The firm’s 50 day moving average price is $140.66 and its 200-day moving average price is $134.49. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The company has a market cap of $20.63 billion, a PE ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a dividend of $1.2465 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.99 annualized dividend and a yield of 3.6%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.