Ameritas Advisory Services LLC Sells 8,466 Shares of iShares Select Dividend ETF $DVY

Ameritas Advisory Services LLC reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 39.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,852 shares of the company’s stock after selling 8,466 shares during the period. Ameritas Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $1,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Gravity Asset Management Inc. bought a new position in iShares Select Dividend ETF in the first quarter valued at about $30,000. IMA Advisory Services Inc. bought a new position in iShares Select Dividend ETF in the first quarter valued at about $34,000. Cypress Capital Management LLC WY bought a new position in iShares Select Dividend ETF in the first quarter valued at about $35,000. First Pacific Financial bought a new position in iShares Select Dividend ETF in the first quarter valued at about $40,000. Finally, IAG Wealth Partners LLC bought a new position in iShares Select Dividend ETF in the first quarter valued at about $54,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 0.8%

iShares Select Dividend ETF stock opened at $143.11 on Friday. The company has a market capitalization of $21.04 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The stock has a 50-day moving average price of $139.64 and a two-hundred day moving average price of $134.00.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a $1.2465 dividend. 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. This represents a $4.99 annualized dividend and a dividend yield of 3.5%.

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.