Beacon Financial Advisory LLC Sells 586 Shares of iShares Select Dividend ETF $DVY

Beacon Financial Advisory LLC lowered its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,290 shares of the company’s stock after selling 586 shares during the period. Beacon Financial Advisory LLC’s holdings in iShares Select Dividend ETF were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in iShares Select Dividend ETF in the first quarter valued at $30,000. IMA Advisory Services Inc. bought a new position in iShares Select Dividend ETF in the first quarter valued at $34,000. Cypress Capital Management LLC WY bought a new position in iShares Select Dividend ETF in the first quarter valued at $35,000. First Pacific Financial bought a new position in iShares Select Dividend ETF in the first quarter valued at $40,000. Finally, IAG Wealth Partners LLC bought a new position in iShares Select Dividend ETF in the first quarter valued at $54,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.8%

iShares Select Dividend ETF stock opened at $143.11 on Friday. The company has a market cap of $21.04 billion, a P/E ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The company has a fifty day simple moving average of $139.64 and a 200 day simple moving average of $134.00.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a $1.2465 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, September 16th.

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.