Richards Merrill & Peterson Inc. Cuts Stock Position in iShares Select Dividend ETF $DVY

Richards Merrill & Peterson Inc. trimmed its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 49.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200 shares of the company’s stock after selling 196 shares during the quarter. Richards Merrill & Peterson Inc.’s holdings in iShares Select Dividend ETF were worth $27,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of iShares Select Dividend ETF during the first quarter worth about $30,000. IMA Advisory Services Inc. acquired a new stake in iShares Select Dividend ETF during the 1st quarter worth approximately $34,000. Cypress Capital Management LLC WY acquired a new stake in iShares Select Dividend ETF during the 1st quarter worth approximately $35,000. Creative Capital Management Investments LLC boosted its position in 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 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 worth $60,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.8%

Shares of NASDAQ DVY opened at $142.57 on Friday. The stock has a market cap of $20.90 billion, a P/E ratio of 13.69 and a beta of 0.87. The business’s fifty day simple moving average is $141.03 and its 200-day simple moving average is $135.18. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently declared 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 represents a $4.99 dividend on an annualized basis and a yield of 3.5%. This is an increase 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.