iShares Select Dividend ETF $DVY Stake Trimmed by Journey Advisory Group LLC

Journey Advisory Group LLC lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 33.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,443 shares of the company’s stock after selling 3,250 shares during the quarter. Journey Advisory Group LLC’s holdings in iShares Select Dividend ETF were worth $976,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Caitlin John LLC purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter worth approximately $25,000. Elevated Capital Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $26,000. Ransom Advisory Ltd acquired a new position in iShares Select Dividend ETF in the 4th quarter worth approximately $27,000. Miller Capital Partners Inc. acquired a new position in iShares Select Dividend ETF in the 4th quarter worth approximately $30,000. Finally, Qube Research & Technologies Ltd purchased a new position in iShares Select Dividend ETF during the 2nd quarter worth approximately $34,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 1.8%

Shares of NASDAQ:DVY opened at $162.47 on Friday. The company’s fifty day moving average is $155.79 and its two-hundred day moving average is $152.76. iShares Select Dividend ETF has a 12-month low of $132.83 and a 12-month high of $162.51. The company has a market cap of $23.84 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $1.2472 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, June 15th.

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.