Berkshire Asset Management LLC PA Sells 119 Shares of iShares Select Dividend ETF $DVY

Berkshire Asset Management LLC PA lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,730 shares of the company’s stock after selling 119 shares during the period. Berkshire Asset Management LLC PA’s holdings in iShares Select Dividend ETF were worth $2,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DVY. Cornerstone Advisory LLC raised its stake in iShares Select Dividend ETF by 3.1% in the 4th quarter. Cornerstone Advisory LLC now owns 2,516 shares of the company’s stock valued at $341,000 after acquiring an additional 76 shares during the period. NorthCrest Asset Manangement LLC raised its stake in iShares Select Dividend ETF by 0.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 11,978 shares of the company’s stock valued at $1,573,000 after acquiring an additional 83 shares during the period. Murphy Middleton Hinkle & Parker Inc. raised its stake in iShares Select Dividend ETF by 0.3% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 32,178 shares of the company’s stock valued at $4,318,000 after acquiring an additional 84 shares during the period. Denver Wealth Management Inc. raised its stake in iShares Select Dividend ETF by 4.2% in the 1st quarter. Denver Wealth Management Inc. now owns 2,086 shares of the company’s stock valued at $280,000 after acquiring an additional 85 shares during the period. Finally, Fidelity D & D Bancorp Inc. raised its stake in iShares Select Dividend ETF by 5.7% in the 1st quarter. Fidelity D & D Bancorp Inc. now owns 1,729 shares of the company’s stock valued at $232,000 after acquiring an additional 93 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.2%

DVY opened at $137.88 on Tuesday. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The stock’s fifty day simple moving average is $134.84 and its 200 day simple moving average is $132.51. The stock has a market cap of $20.21 billion, a PE ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were paid a $1.2333 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, June 16th. This represents a $4.93 dividend on an annualized basis and a yield of 3.6%.

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.