Wedbush Securities Inc. Sells 40,180 Shares of iShares Select Dividend ETF $DVY

Wedbush Securities Inc. trimmed its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 79.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,694 shares of the company’s stock after selling 40,180 shares during the period. Wedbush Securities Inc.’s holdings in iShares Select Dividend ETF were worth $1,520,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DVY. Code Waechter LLC raised its stake in shares of iShares Select Dividend ETF by 1.0% during the third quarter. Code Waechter LLC now owns 7,120 shares of the company’s stock worth $1,005,000 after acquiring an additional 71 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of iShares Select Dividend ETF by 0.7% in the 2nd quarter. Brighton Jones LLC now owns 11,418 shares of the company’s stock valued at $1,516,000 after purchasing an additional 75 shares in the last quarter. North Forty Two & Co. raised its position in iShares Select Dividend ETF by 1.6% in the 2nd quarter. North Forty Two & Co. now owns 4,902 shares of the company’s stock worth $651,000 after purchasing an additional 75 shares during the period. Journey Strategic Wealth LLC raised its position in iShares Select Dividend ETF by 2.4% in the 2nd quarter. Journey Strategic Wealth LLC now owns 3,331 shares of the company’s stock worth $442,000 after purchasing an additional 78 shares during the period. Finally, TFC Financial Management Inc. lifted its stake in iShares Select Dividend ETF by 2.3% in the second quarter. TFC Financial Management Inc. now owns 3,567 shares of the company’s stock worth $474,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.0%

NASDAQ DVY opened at $157.93 on Friday. The company has a 50-day simple moving average of $146.79 and a two-hundred day simple moving average of $142.49. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $158.82. The firm has a market cap of $23.03 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This represents a $6.46 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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