iShares Select Dividend ETF $DVY Shares Sold by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 8.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,604 shares of the company’s stock after selling 3,473 shares during the quarter. iShares Select Dividend ETF accounts for approximately 0.8% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 25th biggest position. Cornerstone Advisors Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $6,190,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. BIP Wealth LLC raised its stake in iShares Select Dividend ETF by 105.7% in the second quarter. BIP Wealth LLC now owns 8,735 shares of the company’s stock valued at $1,365,000 after buying an additional 4,488 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of iShares Select Dividend ETF by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 57,419 shares of the company’s stock worth $8,104,000 after buying an additional 4,008 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of iShares Select Dividend ETF by 18.4% in the 4th quarter. Allworth Financial LP now owns 33,387 shares of the company’s stock valued at $4,712,000 after buying an additional 5,199 shares in the last quarter. SVB Wealth LLC grew its position in shares of iShares Select Dividend ETF by 148.9% in the 4th quarter. SVB Wealth LLC now owns 11,722 shares of the company’s stock valued at $1,654,000 after buying an additional 7,013 shares during the last quarter. Finally, Keudell Morrison Wealth Management purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $1,192,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $164.25 on Friday. iShares Select Dividend ETF has a 12 month low of $137.16 and a 12 month high of $167.06. The firm has a market capitalization of $23.92 billion, a P/E ratio of 13.69 and a beta of 0.66. The company’s fifty day moving average price is $162.03 and its 200 day moving average price is $156.41.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.2472 dividend. This represents a $4.99 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.