Florin Court Capital LLP Sells 49,600 Shares of iShares Select Dividend ETF $DVY

Florin Court Capital LLP lowered its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 40.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,700 shares of the company’s stock after selling 49,600 shares during the period. iShares Select Dividend ETF makes up about 10.0% of Florin Court Capital LLP’s holdings, making the stock its 2nd biggest position. Florin Court Capital LLP owned 0.05% of iShares Select Dividend ETF worth $9,788,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC boosted its holdings in shares of iShares Select Dividend ETF by 7.8% during the 2nd quarter. AE Wealth Management LLC now owns 7,921 shares of the company’s stock worth $1,052,000 after buying an additional 574 shares in the last quarter. Nvwm LLC increased its stake in shares of iShares Select Dividend ETF by 239.2% in the 2nd quarter. Nvwm LLC now owns 4,877 shares of the company’s stock valued at $648,000 after acquiring an additional 3,439 shares in the last quarter. Atlas Legacy Advisors LLC lifted its position in shares of iShares Select Dividend ETF by 118.2% during the 2nd quarter. Atlas Legacy Advisors LLC now owns 9,213 shares of the company’s stock valued at $1,224,000 after acquiring an additional 4,991 shares during the period. SouthState Corp boosted its stake in iShares Select Dividend ETF by 19.7% during the second quarter. SouthState Corp now owns 5,461 shares of the company’s stock worth $725,000 after acquiring an additional 899 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in iShares Select Dividend ETF in the second quarter worth $374,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 1.0%

DVY opened at $140.21 on Friday. The company has a fifty day moving average price of $140.87 and a two-hundred day moving average price of $136.20. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The company has a market cap of $20.53 billion, a P/E 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. Investors of record on Tuesday, September 16th were given a $1.2465 dividend. This represents a $4.99 dividend on an annualized basis and a yield of 3.6%. 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.

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.