iShares Select Dividend ETF $DVY Shares Sold by Richwood Investment Advisors LLC

Richwood Investment Advisors LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,503 shares of the company’s stock after selling 349 shares during the quarter. iShares Select Dividend ETF comprises about 1.3% of Richwood Investment Advisors LLC’s holdings, making the stock its 14th largest holding. Richwood Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,528,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Select Dividend ETF in the second quarter valued at $178,925,000. Northern Trust Corp lifted its holdings 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 worth $415,433,000 after buying an additional 194,941 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in iShares Select Dividend ETF in the 1st quarter valued at about $24,669,000. Yukon Wealth Management Inc. acquired a new stake in shares of iShares Select Dividend ETF during the first quarter valued at about $21,391,000. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of iShares Select Dividend ETF by 188.7% during the first quarter. Kingswood Wealth Advisors LLC now owns 124,980 shares of the company’s stock valued at $16,772,000 after acquiring an additional 81,683 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $142.88 on Tuesday. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09. The business’s 50-day simple moving average is $139.76 and its 200 day simple moving average is $134.07. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

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

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.