Institute for Wealth Management LLC. Has $216,000 Position in iShares Select Dividend ETF $DVY

Institute for Wealth Management LLC. lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 18.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,630 shares of the company’s stock after selling 376 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares Select Dividend ETF were worth $216,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new position in iShares Select Dividend ETF during the first quarter valued at approximately $30,000. IMA Advisory Services Inc. acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $34,000. Cypress Capital Management LLC WY acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $35,000. First Pacific Financial acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $40,000. Finally, IAG Wealth Partners LLC acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.2%

iShares Select Dividend ETF stock opened at $141.99 on Friday. The stock has a market capitalization of $20.82 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09. The company has a 50 day moving average of $139.54 and a 200-day moving average of $133.93.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were issued a $1.2465 dividend. This represents a $4.99 annualized dividend and a dividend yield of 3.5%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th.

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.