iShares Select Dividend ETF $DVY is Arcus Capital Partners LLC’s 3rd Largest Position

Arcus Capital Partners LLC trimmed its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 15.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,176 shares of the company’s stock after selling 26,486 shares during the period. iShares Select Dividend ETF comprises approximately 7.7% of Arcus Capital Partners LLC’s holdings, making the stock its 3rd largest holding. Arcus Capital Partners LLC owned about 0.10% of iShares Select Dividend ETF worth $21,527,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DVY. Brighton Jones LLC grew its position in iShares Select Dividend ETF by 14.3% in the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after purchasing an additional 3,918 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF during the second quarter valued at about $34,000. NewEdge Advisors LLC lifted its holdings in iShares Select Dividend ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after purchasing an additional 326 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of iShares Select Dividend ETF by 52.8% in the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after acquiring an additional 8,479 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $161.83 on Friday. The stock has a fifty day moving average price of $155.98 and a two-hundred day moving average price of $152.82. The firm has a market cap of $23.75 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 1 year low of $132.83 and a 1 year high of $164.73.

iShares Select Dividend ETF Increases Dividend

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

iShares Select Dividend ETF 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.