iShares Select Dividend ETF $DVY Shares Sold by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,825 shares of the company’s stock after selling 559 shares during the quarter. Wellspring Financial Advisors LLC’s holdings in iShares Select Dividend ETF were worth $906,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Financial Gravity Companies Inc. acquired a new stake in iShares Select Dividend ETF during the 2nd quarter worth approximately $29,000. Creative Capital Management Investments LLC increased its position in shares of iShares Select Dividend ETF by 82.1% during the second quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock worth $61,000 after acquiring an additional 207 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at $68,000. Berkshire Money Management Inc. acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at $75,000. Finally, Winnow Wealth LLC purchased a new position in iShares Select Dividend ETF in the second quarter valued at $84,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $142.51 on Tuesday. The business has a fifty day moving average price of $140.83 and a 200 day moving average price of $137.62. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $143.77. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This is a boost 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%. The ex-dividend date of this dividend was Tuesday, September 16th.

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.