Joseph P. Lucia & Associates LLC Sells 877 Shares of iShares Select Dividend ETF $DVY

Joseph P. Lucia & Associates LLC lowered its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 2.7% 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 31,847 shares of the company’s stock after selling 877 shares during the period. iShares Select Dividend ETF comprises about 1.7% of Joseph P. Lucia & Associates LLC’s portfolio, making the stock its 16th largest holding. Joseph P. Lucia & Associates LLC’s holdings in iShares Select Dividend ETF were worth $4,230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp grew its position in shares of iShares Select Dividend ETF by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after acquiring an additional 194,941 shares during the period. LPL Financial LLC grew its position in shares of iShares Select Dividend ETF by 1.1% in the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after acquiring an additional 16,803 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $178,925,000. Raymond James Financial Inc. grew its position in shares of iShares Select Dividend ETF by 2.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock valued at $163,204,000 after acquiring an additional 24,643 shares during the period. Finally, Truist Financial Corp grew its position in shares of iShares Select Dividend ETF by 1.4% in the 2nd quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock valued at $154,820,000 after acquiring an additional 15,783 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $140.19 on Friday. The firm has a 50-day moving average of $140.66 and a 200-day moving average of $134.49. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09. The company has a market cap of $20.63 billion, a PE ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a $1.2465 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%.

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.