Pittenger & Anderson Inc. Lowers Holdings in iShares Select Dividend ETF $DVY

Pittenger & Anderson Inc. decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 25.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508 shares of the company’s stock after selling 175 shares during the quarter. Pittenger & Anderson Inc.’s holdings in iShares Select Dividend ETF were worth $67,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in iShares Select Dividend ETF by 350.4% in the 1st quarter. Bessemer Group Inc. now owns 12,899 shares of the company’s stock valued at $1,733,000 after buying an additional 10,035 shares during the period. GAMMA Investing LLC grew its holdings in shares of iShares Select Dividend ETF by 549.1% during the 1st quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock worth $202,000 after purchasing an additional 1,274 shares during the period. Millstone Evans Group LLC grew its holdings in shares of iShares Select Dividend ETF by 89.4% during the 1st quarter. Millstone Evans Group LLC now owns 517 shares of the company’s stock worth $69,000 after purchasing an additional 244 shares during the period. Cove Private Wealth LLC grew its holdings in shares of iShares Select Dividend ETF by 64.6% during the 2nd quarter. Cove Private Wealth LLC now owns 8,280 shares of the company’s stock worth $1,100,000 after purchasing an additional 3,250 shares during the period. Finally, Worth Financial Advisory Group LLC grew its holdings in shares of iShares Select Dividend ETF by 29.0% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 2,777 shares of the company’s stock worth $369,000 after purchasing an additional 625 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $141.34 on Wednesday. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09. The stock has a market capitalization of $20.72 billion, a P/E ratio of 13.69 and a beta of 0.87. The stock has a 50-day simple moving average of $140.85 and a 200-day simple moving average of $134.71.

iShares Select Dividend ETF Increases Dividend

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

iShares Select Dividend ETF Company 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.