Verus Financial Partners Inc. Has $7 Million Stake in iShares Select Dividend ETF $DVY

Verus Financial Partners Inc. trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 15.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,808 shares of the company’s stock after selling 8,386 shares during the period. iShares Select Dividend ETF comprises about 0.6% of Verus Financial Partners Inc.’s investment portfolio, making the stock its 20th largest position. Verus Financial Partners Inc.’s holdings in iShares Select Dividend ETF were worth $7,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Caitlin John LLC bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $25,000. Elevated Capital Advisors LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth about $26,000. Ransom Advisory Ltd bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth about $27,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $30,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth about $34,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.7%

Shares of DVY stock opened at $156.99 on Friday. iShares Select Dividend ETF has a 12-month low of $131.07 and a 12-month high of $160.38. The company has a market capitalization of $23.09 billion, a P/E ratio of 13.69 and a beta of 0.66. The firm has a 50-day moving average price of $154.05 and a 200 day moving average price of $151.03.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.2%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.