Nwam LLC Has $1.34 Million Position in iShares Select Dividend ETF $DVY

Nwam LLC trimmed its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,869 shares of the company’s stock after selling 698 shares during the quarter. Nwam LLC’s holdings in iShares Select Dividend ETF were worth $1,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vise Technologies Inc. bought a new stake in shares of iShares Select Dividend ETF during the second quarter worth $335,000. Allworth Financial LP boosted its holdings in shares of iShares Select Dividend ETF by 14.7% during the 2nd quarter. Allworth Financial LP now owns 27,513 shares of the company’s stock valued at $3,654,000 after acquiring an additional 3,519 shares in the last quarter. Davis R M Inc. boosted its holdings in shares of iShares Select Dividend ETF by 7.0% during the 2nd quarter. Davis R M Inc. now owns 2,878 shares of the company’s stock valued at $382,000 after acquiring an additional 188 shares in the last quarter. Midwest Trust Co bought a new stake in iShares Select Dividend ETF during the 2nd quarter worth $2,436,000. Finally, Rathbones Group PLC grew its position in iShares Select Dividend ETF by 11.2% during the 2nd quarter. Rathbones Group PLC now owns 45,999 shares of the company’s stock worth $6,109,000 after acquiring an additional 4,633 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.9%

Shares of DVY opened at $141.80 on Wednesday. The stock has a market cap of $20.76 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The business has a 50-day simple moving average of $140.86 and a two-hundred day simple moving average of $136.52.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a $1.2465 dividend. 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%. The ex-dividend date of this dividend was Tuesday, September 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.