Optimum Investment Advisors Sells 198 Shares of iShares Select Dividend ETF $DVY

Optimum Investment Advisors lowered its position in iShares Select Dividend ETF (NASDAQ:DVY) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,173 shares of the company’s stock after selling 198 shares during the quarter. Optimum Investment Advisors’ holdings in iShares Select Dividend ETF were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $30,000. IMA Advisory Services Inc. acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $34,000. Cypress Capital Management LLC WY acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $35,000. Creative Capital Management Investments LLC increased its stake in shares of iShares Select Dividend ETF by 82.1% in the second quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after buying an additional 207 shares during the period. Finally, Rossby Financial LCC acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $60,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $142.57 on Friday. The business has a 50 day moving average of $141.03 and a 200-day moving average of $135.18. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09. The company has a market capitalization of $20.90 billion, a P/E 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 paid a $1.2465 dividend. 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 3.5%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.