iShares Select Dividend ETF (NASDAQ:DVY) Stock Position Trimmed by Inman Jager Wealth Management LLC

Inman Jager Wealth Management LLC decreased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,239 shares of the company’s stock after selling 1,135 shares during the period. iShares Select Dividend ETF makes up about 2.8% of Inman Jager Wealth Management LLC’s holdings, making the stock its 6th biggest position. Inman Jager Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $3,792,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DVY. Transamerica Financial Advisors Inc. acquired a new position in iShares Select Dividend ETF during the fourth quarter worth $27,000. Millstone Evans Group LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $36,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $40,000. Mpwm Advisory Solutions LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $40,000. Finally, First Pacific Financial purchased a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at about $40,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 1.2%

Shares of NASDAQ DVY opened at $130.68 on Thursday. The stock has a market capitalization of $19.33 billion, a price-to-earnings ratio of 15.12 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. The firm has a 50-day moving average price of $130.18 and a 200 day moving average price of $131.80.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were given a dividend of $1.2333 per share. This represents a $4.93 dividend on an annualized basis and a dividend yield of 3.77%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, June 16th.

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.