iShares Select Dividend ETF $DVY Stake Lessened by Journey Advisory Group LLC

Journey Advisory Group LLC lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 33.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,443 shares of the company’s stock after selling 3,250 shares during the quarter. Journey Advisory Group LLC’s holdings in iShares Select Dividend ETF were worth $976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVY. Brighton Jones LLC grew its holdings in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after acquiring an additional 1,524 shares during the period. AQR Capital Management LLC grew its stake in shares of iShares Select Dividend ETF by 44.7% in the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth approximately $34,000. NewEdge Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 0.4% in the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after purchasing an additional 326 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in iShares Select Dividend ETF by 52.8% during the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after purchasing an additional 8,479 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock opened at $162.47 on Friday. The firm has a market cap of $23.84 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $162.51. The firm has a 50 day simple moving average of $155.79 and a 200 day simple moving average of $152.76.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $1.2472 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th.

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