Darden Wealth Group Inc Cuts Position in iShares Select Dividend ETF $DVY

Darden Wealth Group Inc trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,207 shares of the company’s stock after selling 677 shares during the period. iShares Select Dividend ETF accounts for 1.3% of Darden Wealth Group Inc’s portfolio, making the stock its 13th largest position. Darden Wealth Group Inc’s holdings in iShares Select Dividend ETF were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of iShares Select Dividend ETF during the first quarter valued at about $30,000. IMA Advisory Services Inc. purchased a new stake in iShares Select Dividend ETF during the first quarter valued at approximately $34,000. Cypress Capital Management LLC WY acquired a new stake in iShares Select Dividend ETF in the first quarter valued at approximately $35,000. Rossby Financial LCC purchased a new position in iShares Select Dividend ETF in the first quarter worth $60,000. Finally, Creative Capital Management Investments LLC grew its holdings in iShares Select Dividend ETF by 82.1% in the second quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock worth $61,000 after purchasing an additional 207 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.8%

Shares of DVY opened at $142.57 on Friday. The firm has a market cap of $20.90 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The stock has a fifty day moving average price of $141.03 and a 200-day moving average price of $135.18.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a $1.2465 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend 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.