iShares Select Dividend ETF $DVY Stake Reduced by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC decreased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 29.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,095 shares of the company’s stock after selling 7,374 shares during the period. Thoroughbred Financial Services LLC’s holdings in iShares Select Dividend ETF were worth $2,403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. IMA Advisory Services Inc. acquired a new stake in iShares Select Dividend ETF during the first quarter valued at approximately $34,000. Cypress Capital Management LLC WY bought a new position in shares of iShares Select Dividend ETF in the first quarter valued at $35,000. Creative Capital Management Investments LLC lifted its position in shares of iShares Select Dividend ETF by 82.1% during the 2nd quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after acquiring an additional 207 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at $64,000. Finally, Millstone Evans Group LLC boosted its stake in shares of iShares Select Dividend ETF by 89.4% during the 1st quarter. Millstone Evans Group LLC now owns 517 shares of the company’s stock worth $69,000 after acquiring an additional 244 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Down 0.2%

Shares of NASDAQ DVY opened at $140.64 on Friday. The stock’s fifty day simple moving average is $140.84 and its 200 day simple moving average is $136.73. The stock has a market capitalization of $20.59 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. This represents a $4.99 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, September 16th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.