Apollon Wealth Management LLC Sells 229 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Apollon Wealth Management LLC cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,511 shares of the company’s stock after selling 229 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Addison Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 107.1% in the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after buying an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at about $30,000. ORG Partners LLC bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at about $32,000. Family Firm Inc. bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at about $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of iShares Select Dividend ETF in the third quarter valued at about $36,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.3 %

iShares Select Dividend ETF stock opened at $138.33 on Friday. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $109.15 and a 12-month high of $139.90. The stock has a 50-day simple moving average of $134.85 and a 200 day simple moving average of $128.42.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were issued a dividend of $1.5496 per share. The ex-dividend date was Wednesday, September 25th.

About iShares Select Dividend ETF

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.