iShares Select Dividend ETF $DVY Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 41.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,917 shares of the company’s stock after selling 7,004 shares during the period. Founders Financial Securities LLC’s holdings in iShares Select Dividend ETF were worth $1,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DVY. Archer Investment Corp lifted its position in shares of iShares Select Dividend ETF by 0.9% during the 4th quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock worth $1,106,000 after buying an additional 69 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of iShares Select Dividend ETF by 1.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after buying an additional 69 shares during the last quarter. Romano Brothers AND Company raised its stake in iShares Select Dividend ETF by 0.7% during the 4th quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock worth $1,415,000 after acquiring an additional 70 shares in the last quarter. Compound Planning Inc. raised its stake in iShares Select Dividend ETF by 2.7% during the 3rd quarter. Compound Planning Inc. now owns 2,785 shares of the company’s stock worth $396,000 after acquiring an additional 74 shares in the last quarter. Finally, Journey Advisory Group LLC raised its stake in iShares Select Dividend ETF by 0.8% during the 4th quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock worth $1,368,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $153.30 on Monday. iShares Select Dividend ETF has a 1-year low of $129.94 and a 1-year high of $160.38. The stock has a market cap of $22.55 billion, a PE ratio of 13.69 and a beta of 0.66. The firm has a fifty day moving average price of $153.80 and a 200 day moving average price of $150.64.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th.

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.