iShares Select Dividend ETF $DVY Shares Sold by Virtue Capital Management LLC

Virtue Capital Management LLC cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 32.2% during the third quarter, Holdings Channel reports. The institutional investor owned 7,272 shares of the company’s stock after selling 3,448 shares during the period. Virtue Capital Management LLC’s holdings in iShares Select Dividend ETF were worth $1,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DVY. Fifth Third Bancorp increased its holdings in shares of iShares Select Dividend ETF by 178.6% in the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after acquiring an additional 413,908 shares during the last quarter. Sterling Investment Advisors Ltd. raised its position in shares of iShares Select Dividend ETF by 272.2% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 266,000 shares of the company’s stock worth $40,275,000 after acquiring an additional 194,533 shares in the last quarter. International Assets Investment Management LLC lifted its stake in iShares Select Dividend ETF by 1,401.8% during the third quarter. International Assets Investment Management LLC now owns 181,600 shares of the company’s stock worth $27,616,000 after purchasing an additional 169,508 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares Select Dividend ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after purchasing an additional 88,825 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in iShares Select Dividend ETF by 47.7% during the second quarter. HB Wealth Management LLC now owns 199,537 shares of the company’s stock worth $31,188,000 after purchasing an additional 64,400 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.5%

Shares of DVY opened at $163.27 on Tuesday. The stock has a 50 day moving average price of $159.12 and a 200 day moving average price of $156.18. The company has a market capitalization of $23.79 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 52-week low of $137.16 and a 52-week high of $167.06.

iShares Select Dividend ETF Increases Dividend

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

iShares Select Dividend ETF Company 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.