Clifford Swan Investment Counsel LLC Cuts Stock Position in iShares Select Dividend ETF $DVY

Clifford Swan Investment Counsel LLC cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 7.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,333 shares of the company’s stock after selling 200 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in iShares Select Dividend ETF were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DVY. Brighton Jones LLC boosted its stake in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after buying an additional 1,524 shares during the period. GAMMA Investing LLC boosted its stake in iShares Select Dividend ETF by 549.1% during the first quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock worth $202,000 after buying an additional 1,274 shares during the period. First Pacific Financial purchased a new position in iShares Select Dividend ETF during the first quarter worth $40,000. Bessemer Group Inc. boosted its stake in iShares Select Dividend ETF by 350.4% during the first quarter. Bessemer Group Inc. now owns 12,899 shares of the company’s stock worth $1,733,000 after buying an additional 10,035 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in iShares Select Dividend ETF by 98.7% during the first quarter. Golden State Wealth Management LLC now owns 3,402 shares of the company’s stock worth $457,000 after buying an additional 1,690 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.1%

NASDAQ DVY opened at $141.43 on Friday. The company has a fifty day moving average of $140.94 and a two-hundred day moving average of $134.89. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were issued a $1.2465 dividend. The ex-dividend date 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 annualized dividend and a dividend yield of 3.5%.

iShares Select Dividend ETF Company 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.