Venturi Wealth Management LLC Decreases Holdings in iShares Select Dividend ETF $DVY

Venturi Wealth Management LLC trimmed its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 14.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,745 shares of the company’s stock after selling 1,447 shares during the period. Venturi Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $1,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Precedent Wealth Partners LLC lifted its stake in iShares Select Dividend ETF by 0.7% in the second quarter. Precedent Wealth Partners LLC now owns 11,185 shares of the company’s stock worth $1,486,000 after acquiring an additional 77 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in iShares Select Dividend ETF by 1.0% in the second quarter. Keudell Morrison Wealth Management now owns 8,224 shares of the company’s stock worth $1,092,000 after acquiring an additional 79 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its stake in iShares Select Dividend ETF by 0.3% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 32,178 shares of the company’s stock worth $4,318,000 after acquiring an additional 84 shares during the last quarter. Denver Wealth Management Inc. raised its holdings in iShares Select Dividend ETF by 4.2% during the first quarter. Denver Wealth Management Inc. now owns 2,086 shares of the company’s stock worth $280,000 after purchasing an additional 85 shares in the last quarter. Finally, CRA Financial Services LLC raised its holdings in iShares Select Dividend ETF by 1.0% during the second quarter. CRA Financial Services LLC now owns 9,620 shares of the company’s stock worth $1,278,000 after purchasing an additional 91 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.3%

DVY stock opened at $141.91 on Thursday. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09. The company’s 50 day moving average is $139.99 and its two-hundred day moving average is $134.18. The stock has a market cap of $20.86 billion, a P/E ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%.

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.