NewEdge Advisors LLC Decreases Stake in iShares Select Dividend ETF $DVY

NewEdge Advisors LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 4.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 75,545 shares of the company’s stock after selling 3,356 shares during the quarter. NewEdge Advisors LLC owned 0.05% of iShares Select Dividend ETF worth $11,438,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Nebraska Trust Co bought a new stake in iShares Select Dividend ETF in the 1st quarter worth $1,820,000. Dala Group LLC purchased a new position in shares of iShares Select Dividend ETF during the first quarter valued at approximately $268,000. Asset Dedication LLC raised its holdings in shares of iShares Select Dividend ETF by 3.1% during the first quarter. Asset Dedication LLC now owns 11,305 shares of the company’s stock valued at $1,712,000 after acquiring an additional 337 shares in the last quarter. Cozad Asset Management Inc. lifted its stake in iShares Select Dividend ETF by 0.5% in the first quarter. Cozad Asset Management Inc. now owns 14,734 shares of the company’s stock worth $2,231,000 after acquiring an additional 80 shares during the period. Finally, Glenmede Trust Co. NA lifted its stake in iShares Select Dividend ETF by 0.9% in the first quarter. Glenmede Trust Co. NA now owns 242,129 shares of the company’s stock worth $36,661,000 after acquiring an additional 2,074 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.0%

Shares of iShares Select Dividend ETF stock opened at $161.94 on Monday. The company’s fifty day simple moving average is $158.54 and its two-hundred day simple moving average is $154.75. The company has a market cap of $23.59 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12-month low of $135.45 and a 12-month high of $166.79.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $1.2472 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%.

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.