Founders Financial Securities LLC Sells 5,920 Shares of iShares Select Dividend ETF $DVY

Founders Financial Securities LLC decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 35.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,806 shares of the company’s stock after selling 5,920 shares during the quarter. Founders Financial Securities LLC’s holdings in iShares Select Dividend ETF were worth $1,536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of iShares Select Dividend ETF by 0.7% in the second quarter. Brighton Jones LLC now owns 11,418 shares of the company’s stock valued at $1,516,000 after buying an additional 75 shares in the last quarter. North Forty Two & Co. lifted its position in iShares Select Dividend ETF by 1.6% during the 2nd quarter. North Forty Two & Co. now owns 4,902 shares of the company’s stock worth $651,000 after buying an additional 75 shares in the last quarter. Precedent Wealth Partners LLC grew its holdings in iShares Select Dividend ETF by 0.7% during the 2nd quarter. Precedent Wealth Partners LLC now owns 11,185 shares of the company’s stock worth $1,486,000 after acquiring an additional 77 shares during the last quarter. Journey Strategic Wealth LLC grew its holdings in iShares Select Dividend ETF by 2.4% during the 2nd quarter. Journey Strategic Wealth LLC now owns 3,331 shares of the company’s stock worth $442,000 after acquiring an additional 78 shares during the last quarter. Finally, Keudell Morrison Wealth Management increased its position in iShares Select Dividend ETF by 1.0% in the 2nd quarter. Keudell Morrison Wealth Management now owns 8,224 shares of the company’s stock valued at $1,092,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.3%

Shares of NASDAQ DVY opened at $142.40 on Thursday. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $145.03. The company has a 50-day moving average of $141.19 and a two-hundred day moving average of $138.88. The company has a market cap of $20.85 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.6162 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $6.46 annualized dividend and a yield of 4.5%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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