Cornerstone Wealth Group LLC Sells 182 Shares of iShares Select Dividend ETF $DVY

Cornerstone Wealth Group LLC lessened its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,286 shares of the company’s stock after selling 182 shares during the period. Cornerstone Wealth Group 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 and other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in iShares Select Dividend ETF during the 1st quarter worth approximately $30,000. IMA Advisory Services Inc. bought a new position in shares of iShares Select Dividend ETF in the 1st quarter worth $34,000. Cypress Capital Management LLC WY bought a new position in shares of iShares Select Dividend ETF in the 1st quarter worth $35,000. First Pacific Financial bought a new position in shares of iShares Select Dividend ETF in the 1st quarter worth $40,000. Finally, Rossby Financial LCC bought a new position in shares of iShares Select Dividend ETF in the 1st quarter worth $60,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $141.12 on Wednesday. The company’s fifty day moving average price is $140.38 and its 200-day moving average price is $134.36. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09.

iShares Select Dividend ETF Increases Dividend

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

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.