iShares Select Dividend ETF $DVY Shares Sold by Edgewood Management LLC

Edgewood Management LLC trimmed its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 54,881 shares of the company’s stock after selling 2,281 shares during the period. Edgewood Management LLC’s holdings in iShares Select Dividend ETF were worth $7,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp grew its stake in iShares Select Dividend ETF by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after acquiring an additional 194,941 shares during the period. Laurel Wealth Advisors LLC raised its position in iShares Select Dividend ETF by 13,158.9% during the second quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock worth $252,022,000 after acquiring an additional 1,883,298 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iShares Select Dividend ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock valued at $214,086,000 after purchasing an additional 57,961 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Select Dividend ETF by 3.5% in the second quarter. JPMorgan Chase & Co. now owns 1,524,690 shares of the company’s stock valued at $202,494,000 after purchasing an additional 51,089 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at about $178,925,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.4%

DVY stock opened at $143.56 on Friday. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $143.81. The firm has a 50-day simple moving average of $140.78 and a 200-day simple moving average of $137.46. The stock has a market capitalization of $21.02 billion, a P/E ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.5%.

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.