NorthCrest Asset Manangement LLC Trims Stock Position in iShares Select Dividend ETF $DVY

NorthCrest Asset Manangement LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 11,703 shares of the company’s stock after selling 219 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in iShares Select Dividend ETF were worth $1,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in iShares Select Dividend ETF by 4.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 209,165 shares of the company’s stock worth $28,582,000 after buying an additional 8,918 shares in the last quarter. Capital Advisory Group Advisory Services LLC grew its stake in iShares Select Dividend ETF by 1.3% in the 2nd quarter. Capital Advisory Group Advisory Services LLC now owns 22,291 shares of the company’s stock worth $2,960,000 after buying an additional 295 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in iShares Select Dividend ETF by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 20,053 shares of the company’s stock worth $2,663,000 after buying an additional 565 shares in the last quarter. FOCUS Wealth Advisors LLC grew its stake in iShares Select Dividend ETF by 0.9% in the 2nd quarter. FOCUS Wealth Advisors LLC now owns 40,272 shares of the company’s stock worth $5,348,000 after buying an additional 359 shares in the last quarter. Finally, David J Yvars Group grew its stake in iShares Select Dividend ETF by 16.6% in the 2nd quarter. David J Yvars Group now owns 13,089 shares of the company’s stock worth $1,737,000 after buying an additional 1,859 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock opened at $140.28 on Friday. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09. The stock has a market cap of $20.57 billion, a PE ratio of 13.69 and a beta of 0.87. The firm has a 50 day simple moving average of $138.60 and a two-hundred day simple moving average of $133.40.

iShares Select Dividend ETF Increases Dividend

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

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.