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

Commonwealth Equity Services LLC decreased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 568,018 shares of the company’s stock after selling 5,385 shares during the period. Commonwealth Equity Services LLC owned about 0.39% of iShares Select Dividend ETF worth $86,379,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DVY. Costello Asset Management INC raised its stake in iShares Select Dividend ETF by 39.8% during the third quarter. Costello Asset Management INC now owns 5,571 shares of the company’s stock valued at $847,000 after buying an additional 1,587 shares during the last quarter. Arrien Investments Inc. purchased a new stake in shares of iShares Select Dividend ETF during the 3rd quarter valued at about $604,000. Cowa LLC boosted its holdings in shares of iShares Select Dividend ETF by 7.2% during the 3rd quarter. Cowa LLC now owns 1,495 shares of the company’s stock valued at $227,000 after acquiring an additional 100 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in iShares Select Dividend ETF by 0.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 22,773 shares of the company’s stock valued at $3,672,000 after buying an additional 113 shares during the last quarter. Finally, Team Financial Group LLC bought a new position in shares of iShares Select Dividend ETF during the 3rd quarter valued at $27,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

DVY stock opened at $160.06 on Friday. The company has a market cap of $23.33 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 1 year low of $137.23 and a 1 year high of $167.06. The stock’s fifty day moving average price is $158.91 and its 200-day moving average price is $156.48.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a $1.3291 dividend. The ex-dividend date was Tuesday, September 15th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 annualized dividend and a yield of 3.3%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.