iShares Select Dividend ETF $DVY Stock: Smith Shellnut Wilson LLC ADV Cuts Position

Smith Shellnut Wilson LLC ADV trimmed its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 96.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,677 shares of the company’s stock after selling 470,801 shares during the period. iShares Select Dividend ETF makes up about 1.0% of Smith Shellnut Wilson LLC ADV’s investment portfolio, making the stock its 21st largest holding. Smith Shellnut Wilson LLC ADV’s holdings in iShares Select Dividend ETF were worth $2,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BIP Wealth LLC lifted its stake in iShares Select Dividend ETF by 105.7% during the 2nd quarter. BIP Wealth LLC now owns 8,735 shares of the company’s stock valued at $1,365,000 after acquiring an additional 4,488 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Select Dividend ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock valued at $246,334,000 after acquiring an additional 88,825 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at about $1,406,000. Wealth Care LLC purchased a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at about $2,427,000. Finally, Private Advisor Group LLC grew its stake in shares of iShares Select Dividend ETF by 11.8% in the first quarter. Private Advisor Group LLC now owns 213,855 shares of the company’s stock worth $32,380,000 after acquiring an additional 22,564 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.1%

Shares of DVY stock opened at $159.39 on Thursday. The company has a 50 day moving average price of $159.61 and a 200-day moving average price of $157.52. iShares Select Dividend ETF has a 52 week low of $137.16 and a 52 week high of $167.06. The firm has a market capitalization of $23.24 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $1.3291 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, September 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.