iShares Select Dividend ETF $DVY Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 645,214 shares of the company’s stock after selling 18,988 shares during the period. Commonwealth Equity Services LLC’s holdings in iShares Select Dividend ETF were worth $85,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. acquired a new position in iShares Select Dividend ETF in the first quarter valued at $30,000. IMA Advisory Services Inc. acquired a new stake in shares of iShares Select Dividend ETF during the first quarter worth about $34,000. Cypress Capital Management LLC WY purchased a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $35,000. Creative Capital Management Investments LLC boosted its position in shares of iShares Select Dividend ETF by 82.1% in the 2nd quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after purchasing an additional 207 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $64,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.1%

NASDAQ:DVY opened at $138.77 on Friday. The company has a market capitalization of $20.32 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The stock’s 50 day moving average price is $140.90 and its 200 day moving average price is $136.09.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced 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 3.6%. 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 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.