Mission Wealth Management LP Sells 942 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Mission Wealth Management LP cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,968 shares of the company’s stock after selling 942 shares during the quarter. Mission Wealth Management LP’s holdings in iShares Select Dividend ETF were worth $3,084,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cornerstone Advisory LLC raised its holdings in iShares Select Dividend ETF by 3.1% during the 4th quarter. Cornerstone Advisory LLC now owns 2,516 shares of the company’s stock worth $341,000 after purchasing an additional 76 shares during the last quarter. Unionview LLC increased its position in shares of iShares Select Dividend ETF by 0.7% during the fourth quarter. Unionview LLC now owns 11,234 shares of the company’s stock worth $1,475,000 after buying an additional 83 shares during the period. NorthCrest Asset Manangement LLC raised its stake in iShares Select Dividend ETF by 0.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 11,978 shares of the company’s stock worth $1,573,000 after buying an additional 83 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in iShares Select Dividend ETF by 0.3% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 32,178 shares of the company’s stock valued at $4,318,000 after buying an additional 84 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in iShares Select Dividend ETF by 2.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,260 shares of the company’s stock valued at $559,000 after buying an additional 98 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.4%

Shares of iShares Select Dividend ETF stock opened at $130.68 on Tuesday. The business has a 50-day moving average price of $129.39 and a two-hundred day moving average price of $132.17. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The company has a market cap of $19.33 billion, a P/E ratio of 15.12 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 16th will be given a dividend of $1.2333 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.93 annualized dividend and a dividend yield of 3.77%.

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.