Weaver Consulting Group Cuts Position in iShares Select Dividend ETF $DVY

Weaver Consulting Group decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 14.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,594 shares of the company’s stock after selling 616 shares during the period. Weaver Consulting Group’s holdings in iShares Select Dividend ETF were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DVY. Brighton Jones LLC grew its holdings in iShares Select Dividend ETF by 0.7% during the 2nd quarter. Brighton Jones LLC now owns 11,418 shares of the company’s stock valued at $1,516,000 after buying an additional 75 shares during the last quarter. North Forty Two & Co. raised its holdings in shares of iShares Select Dividend ETF by 1.6% in the second quarter. North Forty Two & Co. now owns 4,902 shares of the company’s stock worth $651,000 after acquiring an additional 75 shares during the last quarter. Precedent Wealth Partners LLC lifted its position in shares of iShares Select Dividend ETF by 0.7% in the second quarter. Precedent Wealth Partners LLC now owns 11,185 shares of the company’s stock valued at $1,486,000 after acquiring an additional 77 shares in the last quarter. Keudell Morrison Wealth Management boosted its stake in shares of iShares Select Dividend ETF by 1.0% during the second quarter. Keudell Morrison Wealth Management now owns 8,224 shares of the company’s stock valued at $1,092,000 after acquiring an additional 79 shares during the last quarter. Finally, TFC Financial Management Inc. grew its holdings in shares of iShares Select Dividend ETF by 2.3% during the second quarter. TFC Financial Management Inc. now owns 3,567 shares of the company’s stock worth $474,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.1%

Shares of NASDAQ:DVY opened at $139.65 on Thursday. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The stock’s 50-day moving average price is $140.71 and its two-hundred day moving average price is $136.95. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

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 issued a $1.2465 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%.

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.