Smith Shellnut Wilson LLC ADV Trims Stock Position in iShares Select Dividend ETF $DVY

Smith Shellnut Wilson LLC ADV cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,701 shares of the company’s stock after selling 3,775 shares during the period. iShares Select Dividend ETF makes up 1.0% of Smith Shellnut Wilson LLC ADV’s holdings, making the stock its 23rd biggest holding. Smith Shellnut Wilson LLC ADV’s holdings in iShares Select Dividend ETF were worth $2,351,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in iShares Select Dividend ETF during the first quarter worth about $30,000. IMA Advisory Services Inc. purchased a new position in iShares Select Dividend ETF during the first quarter worth about $34,000. Cypress Capital Management LLC WY purchased a new position in iShares Select Dividend ETF during the first quarter worth about $35,000. Creative Capital Management Investments LLC raised its stake in 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 purchasing an additional 207 shares during the period. Finally, Rossby Financial LCC purchased a new position in iShares Select Dividend ETF during the first quarter worth about $60,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $139.17 on Friday. The firm’s 50-day moving average is $141.13 and its two-hundred day moving average is $135.79. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The company has a market capitalization of $20.38 billion, a PE 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 paid a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a yield of 3.6%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. 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.