Dynamic Advisor Solutions LLC Decreases Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Dynamic Advisor Solutions LLC trimmed its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,970 shares of the company’s stock after selling 136 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares Select Dividend ETF were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. grew its stake in shares of iShares Select Dividend ETF by 20.0% during the 4th quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock valued at $897,000 after buying an additional 1,278 shares during the period. Capital Asset Advisory Services LLC grew its position in iShares Select Dividend ETF by 1.5% during the first quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock valued at $894,000 after acquiring an additional 107 shares during the period. Fonville Wealth Management LLC acquired a new stake in iShares Select Dividend ETF during the fourth quarter worth about $518,000. Dodds Wealth LLC purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth about $909,000. Finally, Brookstone Capital Management lifted its stake in shares of iShares Select Dividend ETF by 3.9% in the 1st quarter. Brookstone Capital Management now owns 2,752 shares of the company’s stock valued at $339,000 after purchasing an additional 103 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY traded up $0.32 during midday trading on Tuesday, hitting $126.39. 56,754 shares of the company’s stock traded hands, compared to its average volume of 496,898. The firm’s fifty day moving average price is $123.70 and its two-hundred day moving average price is $121.00. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $131.02. The company has a market cap of $18.79 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a $0.9304 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.94%.

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.