470,801 iShares Select Dividend ETF $DVY Shares Sold by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV decreased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 96.4% during the third quarter, Holdings Channel reports. The fund owned 17,677 shares of the company’s stock after selling 470,801 shares during the period. iShares Select Dividend ETF comprises approximately 1.0% of Smith Shellnut Wilson LLC ADV’s investment portfolio, making the stock its 21st biggest position. Smith Shellnut Wilson LLC ADV’s holdings in iShares Select Dividend ETF were worth $2,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp grew its stake in shares of iShares Select Dividend ETF by 178.6% during the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after purchasing an additional 413,908 shares during the period. Sterling Investment Advisors Ltd. increased its position in shares of iShares Select Dividend ETF by 272.2% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 266,000 shares of the company’s stock valued at $40,275,000 after purchasing an additional 194,533 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares Select Dividend ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock valued at $246,334,000 after purchasing an additional 88,825 shares during the last quarter. HB Wealth Management LLC increased its position in shares of iShares Select Dividend ETF by 47.7% during the 2nd quarter. HB Wealth Management LLC now owns 199,537 shares of the company’s stock valued at $31,188,000 after purchasing an additional 64,400 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of iShares Select Dividend ETF by 41.8% during the 1st quarter. Kestra Advisory Services LLC now owns 165,919 shares of the company’s stock valued at $25,122,000 after purchasing an additional 48,896 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.1%

Shares of NASDAQ:DVY opened at $159.39 on Thursday. The firm’s 50 day moving average price is $159.61 and its 200-day moving average price is $157.52. iShares Select Dividend ETF has a twelve month low of $137.16 and a twelve month high of $167.06. The stock has a market capitalization of $23.24 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a dividend of $1.3291 per share. This represents a $5.32 annualized dividend and a yield of 3.3%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. The ex-dividend date was Tuesday, September 15th.

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