Verus Financial Partners Inc. Has $7 Million Stock Holdings in iShares Select Dividend ETF $DVY

Verus Financial Partners Inc. trimmed its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,808 shares of the company’s stock after selling 8,386 shares during the period. iShares Select Dividend ETF makes up approximately 0.6% of Verus Financial Partners Inc.’s holdings, making the stock its 20th largest holding. Verus Financial Partners Inc.’s holdings in iShares Select Dividend ETF were worth $7,003,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DVY. Brighton Jones LLC lifted its position in iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares during the period. AQR Capital Management LLC increased its holdings in iShares Select Dividend ETF by 44.7% in the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares during the period. Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $34,000. NewEdge Advisors LLC increased its holdings in iShares Select Dividend ETF by 0.4% in the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after buying an additional 326 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of iShares Select Dividend ETF by 52.8% in the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after buying an additional 8,479 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $156.99 on Friday. The company has a 50-day moving average of $154.05 and a 200-day moving average of $151.03. The company has a market capitalization of $23.09 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 52 week low of $131.07 and a 52 week high of $160.38.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $1.2472 dividend. This represents a $4.99 annualized dividend and a yield of 3.2%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 15th.

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