International Assets Investment Management LLC Sells 25,310 Shares of iShares Select Dividend ETF $DVY

International Assets Investment Management LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 65.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,337 shares of the company’s stock after selling 25,310 shares during the period. International Assets Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Northern Trust Corp raised its stake in shares of iShares Select Dividend ETF by 6.7% during the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock worth $415,433,000 after acquiring an additional 194,941 shares in the last quarter. LPL Financial LLC boosted its stake in iShares Select Dividend ETF by 1.1% in the first quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after acquiring an additional 16,803 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in iShares Select Dividend ETF in the second quarter worth $178,925,000. Raymond James Financial Inc. increased its position in shares of iShares Select Dividend ETF by 2.1% during the first quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock worth $163,204,000 after purchasing an additional 24,643 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of iShares Select Dividend ETF by 1.4% during the 2nd quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock valued at $154,820,000 after purchasing an additional 15,783 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $140.19 on Monday. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The business has a fifty day moving average price of $140.66 and a 200-day moving average price of $134.52. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

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

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.