Smithfield Trust Co Has $6.88 Million Stake in iShares Select Dividend ETF $DVY

Smithfield Trust Co lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,839 shares of the company’s stock after selling 790 shares during the period. Smithfield Trust Co’s holdings in iShares Select Dividend ETF were worth $6,875,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wealth Quarterback LLC lifted its holdings in iShares Select Dividend ETF by 4.5% in the 2nd quarter. Wealth Quarterback LLC now owns 34,938 shares of the company’s stock worth $4,640,000 after purchasing an additional 1,493 shares during the last quarter. Ironwood Investment Counsel LLC lifted its position in iShares Select Dividend ETF by 10.8% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 2,708 shares of the company’s stock worth $360,000 after acquiring an additional 263 shares during the last quarter. Vise Technologies Inc. bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $335,000. Allworth Financial LP boosted its stake in iShares Select Dividend ETF by 14.7% during the 2nd quarter. Allworth Financial LP now owns 27,513 shares of the company’s stock valued at $3,654,000 after purchasing an additional 3,519 shares during the period. Finally, Davis R M Inc. grew its holdings in iShares Select Dividend ETF by 7.0% in the 2nd quarter. Davis R M Inc. now owns 2,878 shares of the company’s stock valued at $382,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.2%

DVY opened at $142.08 on Thursday. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The business has a 50 day moving average of $140.88 and a 200-day moving average of $136.56.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were paid a $1.2465 dividend. The ex-dividend date was Tuesday, September 16th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 annualized dividend and a dividend 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.