Harel Insurance Investments & Financial Services Ltd. Trims Stock Holdings in iShares Select Dividend ETF $DVY

Harel Insurance Investments & Financial Services Ltd. lowered its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 63.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 778 shares of the company’s stock after selling 1,350 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in iShares Select Dividend ETF were worth $103,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DVY. Brighton Jones LLC grew its position in shares of 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 purchasing an additional 1,524 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of iShares Select Dividend ETF by 19.6% during the first quarter. D.A. Davidson & CO. now owns 21,286 shares of the company’s stock worth $2,859,000 after purchasing an additional 3,493 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of iShares Select Dividend ETF by 2.9% during the first quarter. OneDigital Investment Advisors LLC now owns 15,950 shares of the company’s stock worth $2,142,000 after purchasing an additional 444 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the first quarter worth about $73,000. Finally, Concurrent Investment Advisors LLC grew its position in shares of iShares Select Dividend ETF by 34.7% during the first quarter. Concurrent Investment Advisors LLC now owns 8,181 shares of the company’s stock worth $1,099,000 after purchasing an additional 2,108 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.4%

NASDAQ:DVY opened at $138.62 on Tuesday. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The stock has a 50-day moving average price of $141.08 and a 200 day moving average price of $135.96. The stock has a market capitalization of $20.30 billion, a P/E ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.99 annualized dividend and a yield of 3.6%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.