iShares Select Dividend ETF $DVY Stock: Investors Asset Management of Georgia Inc. GA ADV Cuts Position

Investors Asset Management of Georgia Inc. GA ADV decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 87.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,110 shares of the company’s stock after selling 14,238 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in iShares Select Dividend ETF were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Stonebridge Advisors LLC purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at $553,074,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares Select Dividend ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after acquiring an additional 88,825 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of iShares Select Dividend ETF by 2.1% during the second quarter. Fifth Third Bancorp now owns 658,941 shares of the company’s stock worth $102,992,000 after acquiring an additional 13,257 shares in the last quarter. Arch Capital Group LTD. purchased a new stake in shares of iShares Select Dividend ETF during the second quarter worth $91,939,000. Finally, Cetera Investment Advisers boosted its position in iShares Select Dividend ETF by 5.9% during the first quarter. Cetera Investment Advisers now owns 539,922 shares of the company’s stock valued at $81,750,000 after purchasing an additional 29,898 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 1.2%

NASDAQ DVY traded up $1.88 on Tuesday, reaching $159.19. The stock had a trading volume of 246,013 shares, compared to its average volume of 432,520. The business has a 50 day moving average price of $159.74 and a 200 day moving average price of $157.40. iShares Select Dividend ETF has a 1 year low of $137.16 and a 1 year high of $167.06. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $1.3291 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.3%.

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.