iShares Select Dividend ETF $DVY Shares Sold by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 27.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,632 shares of the company’s stock after selling 1,777 shares during the period. Mascoma Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $615,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at about $30,000. IMA Advisory Services Inc. acquired a new position in iShares Select Dividend ETF during the 1st quarter valued at about $34,000. Cypress Capital Management LLC WY bought a new position in iShares Select Dividend ETF in the 1st quarter worth about $35,000. First Pacific Financial bought a new position in iShares Select Dividend ETF in the 1st quarter worth about $40,000. Finally, IAG Wealth Partners LLC bought a new position in iShares Select Dividend ETF in the 1st quarter worth about $54,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.8%

NASDAQ DVY opened at $143.11 on Friday. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. The company has a 50-day moving average price of $139.64 and a two-hundred day moving average price of $134.00.

iShares Select Dividend ETF Increases Dividend

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

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.