Retirement Planning Group LLC Decreases Stock Position in iShares Select Dividend ETF $DVY

Retirement Planning Group LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,077 shares of the company’s stock after selling 509 shares during the quarter. Retirement Planning Group LLC’s holdings in iShares Select Dividend ETF were worth $807,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Northern Trust Corp lifted its stake in iShares Select Dividend ETF by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock worth $415,433,000 after purchasing an additional 194,941 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Select Dividend ETF by 1.1% during the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after buying an additional 16,803 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $178,925,000. Raymond James Financial Inc. raised its position in shares of iShares Select Dividend ETF by 2.1% during the 1st quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock valued at $163,204,000 after buying an additional 24,643 shares in the last quarter. Finally, Truist Financial Corp raised its position in shares of iShares Select Dividend ETF by 1.4% during the 2nd quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock valued at $154,820,000 after buying an additional 15,783 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.1%

Shares of NASDAQ DVY opened at $141.25 on Thursday. The firm’s 50-day moving average price is $140.89 and its 200-day moving average price is $134.75. The stock has a market capitalization of $20.71 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09.

iShares Select Dividend ETF Increases Dividend

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

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.