Fortis Group Advisors LLC Sells 3,378 Shares of iShares Select Dividend ETF $DVY

Fortis Group Advisors LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 35.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,172 shares of the company’s stock after selling 3,378 shares during the period. Fortis Group Advisors LLC’s holdings in iShares Select Dividend ETF were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DVY. Brighton Jones LLC boosted its holdings in shares of iShares Select Dividend ETF by 14.3% in the 4th 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 during the period. AQR Capital Management LLC increased its position in iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after acquiring an additional 3,918 shares during the last quarter. Chevy Chase Trust Holdings LLC bought a new position in iShares Select Dividend ETF during the second quarter valued at $234,000. Avidian Wealth Enterprises LLC raised its stake in shares of iShares Select Dividend ETF by 8.5% in the second quarter. Avidian Wealth Enterprises LLC now owns 2,392 shares of the company’s stock valued at $318,000 after acquiring an additional 188 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of iShares Select Dividend ETF by 7.2% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 18,689 shares of the company’s stock worth $2,482,000 after acquiring an additional 1,258 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.6%

Shares of NASDAQ:DVY opened at $156.97 on Wednesday. The company has a market capitalization of $22.89 billion, a price-to-earnings 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 $160.38. The firm’s 50-day moving average is $147.45 and its 200 day moving average is $142.90.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a dividend of $1.6162 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, December 16th.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.