Wedbush Securities Inc. Sells 40,180 Shares of iShares Select Dividend ETF $DVY

Wedbush Securities Inc. lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 79.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,694 shares of the company’s stock after selling 40,180 shares during the period. Wedbush Securities Inc.’s holdings in iShares Select Dividend ETF were worth $1,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DVY. Savvy Advisors Inc. boosted its holdings in shares of iShares Select Dividend ETF by 1.7% during the third quarter. Savvy Advisors Inc. now owns 5,355 shares of the company’s stock worth $761,000 after purchasing an additional 91 shares during the period. Onyx Bridge Wealth Group LLC bought a new position in iShares Select Dividend ETF during the 3rd quarter valued at approximately $262,000. Caprock Group LLC purchased a new stake in iShares Select Dividend ETF in the 3rd quarter worth approximately $459,000. Krilogy Financial LLC bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $824,000. Finally, Stratos Wealth Partners LTD. increased its stake in shares of iShares Select Dividend ETF by 3.1% during the third quarter. Stratos Wealth Partners LTD. now owns 14,276 shares of the company’s stock valued at $2,029,000 after buying an additional 427 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.0%

Shares of DVY stock opened at $157.93 on Friday. The stock has a fifty day moving average of $146.79 and a 200 day moving average of $142.49. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $158.82. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $1.6162 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $6.46 annualized dividend and a dividend yield of 4.1%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.