Arcus Capital Partners LLC Cuts Stake in iShares Select Dividend ETF $DVY

Arcus Capital Partners LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,176 shares of the company’s stock after selling 26,486 shares during the period. iShares Select Dividend ETF accounts for about 7.7% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Arcus Capital Partners LLC’s holdings in iShares Select Dividend ETF were worth $21,527,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at about $25,000. Elevated Capital Advisors LLC bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at approximately $26,000. Ransom Advisory Ltd acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at approximately $27,000. Miller Capital Partners Inc. bought a new position in iShares Select Dividend ETF in the 4th quarter worth approximately $30,000. Finally, Main Street Group LTD bought a new position in iShares Select Dividend ETF in the 1st quarter worth approximately $33,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Down 0.4%

Shares of DVY stock opened at $161.83 on Friday. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $164.73. The firm has a market cap of $23.75 billion, a PE ratio of 13.69 and a beta of 0.66. The stock has a 50 day moving average of $155.98 and a 200-day moving average of $152.82.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed 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 represents a $4.99 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.