SOA Wealth Advisors LLC. Reduces Stock Position in iShares Select Dividend ETF $DVY

SOA Wealth Advisors LLC. decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,755 shares of the company’s stock after selling 6,937 shares during the period. iShares Select Dividend ETF comprises approximately 0.9% of SOA Wealth Advisors LLC.’s holdings, making the stock its 29th largest holding. SOA Wealth Advisors LLC.’s holdings in iShares Select Dividend ETF were worth $8,918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 13,158.9% in the second quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock worth $252,022,000 after purchasing an additional 1,883,298 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in iShares Select Dividend ETF during the 2nd quarter valued at about $178,925,000. Orion Porfolio Solutions LLC boosted its position in iShares Select Dividend ETF by 526.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock valued at $24,091,000 after buying an additional 152,417 shares during the period. Goldman Sachs Group Inc. grew its stake in iShares Select Dividend ETF by 12.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,028 shares of the company’s stock worth $91,052,000 after acquiring an additional 76,855 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in iShares Select Dividend ETF by 129.7% in the 2nd quarter. HB Wealth Management LLC now owns 129,405 shares of the company’s stock worth $17,186,000 after acquiring an additional 73,079 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $141.14 on Friday. The company has a market capitalization of $20.66 billion, a PE ratio of 13.69 and a beta of 0.77. The company has a 50 day moving average price of $141.33 and a 200-day moving average price of $139.24. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $145.03.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $1.6162 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 annualized dividend and a dividend yield of 4.6%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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.