Belpointe Asset Management LLC Sells 480 Shares of iShares Select Dividend ETF $DVY

Belpointe Asset Management LLC trimmed its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 4.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,749 shares of the company’s stock after selling 480 shares during the period. Belpointe Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $1,295,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Northern Trust Corp increased its holdings in 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 worth $415,433,000 after buying an additional 194,941 shares in the last quarter. LPL Financial LLC increased its holdings in 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 worth $216,637,000 after buying an additional 16,803 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in iShares Select Dividend ETF in the second quarter worth about $178,925,000. Raymond James Financial Inc. boosted its position in iShares Select Dividend ETF by 2.1% in the first quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock worth $163,204,000 after purchasing an additional 24,643 shares during the last quarter. Finally, Truist Financial Corp boosted its position in iShares Select Dividend ETF by 1.4% in the second quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock worth $154,820,000 after purchasing an additional 15,783 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $142.40 on Wednesday. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. The stock’s 50-day simple moving average is $139.87 and its two-hundred day simple moving average is $134.13. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a $1.2465 dividend. 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. This represents a $4.99 annualized dividend and a yield of 3.5%.

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.