iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC lowered its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 17.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,111 shares of the company’s stock after selling 3,037 shares during the quarter. iShares Select Dividend ETF accounts for 2.4% of Redmont Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Redmont Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,738,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Johnson Financial Group Inc. boosted its holdings in iShares Select Dividend ETF by 20.0% during the fourth quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock worth $897,000 after buying an additional 1,278 shares in the last quarter. TIAA Trust National Association grew its position in shares of iShares Select Dividend ETF by 4.7% during the 4th quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock valued at $1,140,000 after acquiring an additional 437 shares during the period. Park Place Capital Corp grew its position in shares of iShares Select Dividend ETF by 1.6% during the 4th quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after acquiring an additional 129 shares during the period. Capital Asset Advisory Services LLC increased its stake in shares of iShares Select Dividend ETF by 1.5% in the 1st quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock valued at $894,000 after purchasing an additional 107 shares in the last quarter. Finally, Ledge Wealth Management Inc. acquired a new position in iShares Select Dividend ETF in the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock traded down $0.24 during mid-day trading on Wednesday, reaching $120.55. 139,254 shares of the company’s stock were exchanged, compared to its average volume of 512,829. The company has a market cap of $18.32 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $125.99. The stock’s 50 day moving average is $122.00 and its 200 day moving average is $119.15.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.09%.

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.