Lee Danner & Bass Inc. Reduces Stock Holdings in iShares Select Dividend ETF $DVY

Lee Danner & Bass Inc. reduced its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,945 shares of the company’s stock after selling 400 shares during the period. Lee Danner & Bass Inc.’s holdings in iShares Select Dividend ETF were worth $391,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Precedent Wealth Partners LLC boosted its stake in iShares Select Dividend ETF by 0.7% during the second quarter. Precedent Wealth Partners LLC now owns 11,185 shares of the company’s stock worth $1,486,000 after buying an additional 77 shares during the period. Keudell Morrison Wealth Management boosted its stake in iShares Select Dividend ETF by 1.0% during the second quarter. Keudell Morrison Wealth Management now owns 8,224 shares of the company’s stock worth $1,092,000 after buying an additional 79 shares during the period. TFC Financial Management Inc. boosted its stake in iShares Select Dividend ETF by 2.3% during the second quarter. TFC Financial Management Inc. now owns 3,567 shares of the company’s stock worth $474,000 after buying an additional 80 shares during the period. CRA Financial Services LLC boosted its stake in iShares Select Dividend ETF by 1.0% during the second quarter. CRA Financial Services LLC now owns 9,620 shares of the company’s stock worth $1,278,000 after buying an additional 91 shares during the period. Finally, Fidelity D & D Bancorp Inc. boosted its stake in iShares Select Dividend ETF by 5.7% during the first quarter. Fidelity D & D Bancorp Inc. now owns 1,729 shares of the company’s stock worth $232,000 after buying an additional 93 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $142.57 on Friday. The firm has a market cap of $20.90 billion, a PE ratio of 13.69 and a beta of 0.87. The company has a 50-day moving average of $141.03 and a two-hundred day moving average of $135.06. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed 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%.

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.