Integrated Advisors Network LLC Sells 21,828 Shares of iShares Select Dividend ETF $DVY

Integrated Advisors Network LLC cut its position in iShares Select Dividend ETF (NASDAQ:DVY) by 67.8% during the 1st quarter, HoldingsChannel reports. The firm owned 10,390 shares of the company’s stock after selling 21,828 shares during the quarter. Integrated Advisors Network LLC’s holdings in iShares Select Dividend ETF were worth $1,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitlin John LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at $25,000. Elevated Capital Advisors LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at about $26,000. Ransom Advisory Ltd bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $27,000. Miller Capital Partners Inc. bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $30,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $34,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $159.81 on Wednesday. iShares Select Dividend ETF has a fifty-two week low of $132.83 and a fifty-two week high of $161.01. The stock has a market capitalization of $23.42 billion, a PE ratio of 13.69 and a beta of 0.66. The business’s 50-day simple moving average is $154.94 and its 200-day simple moving average is $151.90.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $1.2472 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a yield of 3.1%.

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