LMG Wealth Partners LLC Decreases Stock Holdings in iShares Select Dividend ETF $DVY

LMG Wealth Partners LLC lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,328 shares of the company’s stock after selling 392 shares during the period. LMG Wealth Partners LLC’s holdings in iShares Select Dividend ETF were worth $4,958,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Financial Gravity Asset Management Inc. purchased a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at about $30,000. IMA Advisory Services Inc. acquired a new position in iShares Select Dividend ETF in the first quarter valued at approximately $34,000. Cypress Capital Management LLC WY purchased a new position in iShares Select Dividend ETF in the first quarter valued at approximately $35,000. First Pacific Financial acquired a new stake in iShares Select Dividend ETF during the first quarter worth approximately $40,000. Finally, Creative Capital Management Investments LLC lifted its position in shares of 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 worth $61,000 after buying an additional 207 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

NASDAQ DVY opened at $140.19 on Monday. The firm’s fifty day moving average price is $140.66 and its 200 day moving average price is $134.52. 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 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 company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th.

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.