Prime Capital Investment Advisors LLC Trims Position in iShares Select Dividend ETF $DVY

Prime Capital Investment Advisors LLC decreased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 33.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,872 shares of the company’s stock after selling 24,207 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $6,358,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Financial Gravity Asset Management Inc. acquired a new stake in iShares Select Dividend ETF in the 1st quarter worth about $30,000. IMA Advisory Services Inc. acquired a new position in shares of iShares Select Dividend ETF during the 1st quarter valued at about $34,000. Cypress Capital Management LLC WY purchased a new position in shares of iShares Select Dividend ETF during the 1st quarter worth about $35,000. First Pacific Financial acquired a new stake in shares of iShares Select Dividend ETF in the first quarter worth approximately $40,000. Finally, IAG Wealth Partners LLC purchased a new stake in iShares Select Dividend ETF in the first quarter valued at approximately $54,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $142.88 on Tuesday. The firm has a market capitalization of $21.00 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09. The company has a 50 day moving average price of $139.76 and a 200 day moving average price of $134.07.

iShares Select Dividend ETF Increases Dividend

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

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.