NewEdge Advisors LLC Sells 3,356 Shares of iShares Select Dividend ETF $DVY

NewEdge Advisors LLC reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 4.3% during the first quarter, HoldingsChannel.com reports. The firm owned 75,545 shares of the company’s stock after selling 3,356 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Select Dividend ETF were worth $11,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitlin John LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter worth $25,000. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $26,000. Miller Capital Partners Inc. purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth about $30,000. Main Street Group LTD purchased a new position in shares of iShares Select Dividend ETF in the 1st quarter worth about $33,000. Finally, Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $161.94 on Monday. The company has a market capitalization of $23.59 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a one year low of $135.45 and a one year high of $166.79. The company’s 50-day moving average is $158.54 and its 200 day moving average is $154.75.

iShares Select Dividend ETF Increases Dividend

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

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.