Edge Wealth Management LLC Sells 4,011 Shares of iShares Select Dividend ETF $DVY

Edge Wealth Management LLC trimmed its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 46.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,701 shares of the company’s stock after selling 4,011 shares during the period. Edge Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $735,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BIP Wealth LLC lifted its holdings in shares of iShares Select Dividend ETF by 105.7% in the 2nd quarter. BIP Wealth LLC now owns 8,735 shares of the company’s stock worth $1,365,000 after acquiring an additional 4,488 shares during the last quarter. Allworth Financial LP grew its holdings in shares of iShares Select Dividend ETF by 18.4% during the 4th quarter. Allworth Financial LP now owns 33,387 shares of the company’s stock valued at $4,712,000 after purchasing an additional 5,199 shares during the last quarter. SVB Wealth LLC grew its holdings in shares of iShares Select Dividend ETF by 148.9% during the 4th quarter. SVB Wealth LLC now owns 11,722 shares of the company’s stock valued at $1,654,000 after purchasing an additional 7,013 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in iShares Select Dividend ETF in the 4th quarter worth $1,192,000. Finally, Goldman Sachs Group Inc. raised its position in iShares Select Dividend ETF by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 693,902 shares of the company’s stock worth $97,937,000 after purchasing an additional 3,552 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock traded down $0.94 during mid-day trading on Tuesday, hitting $163.31. The company’s stock had a trading volume of 283,984 shares, compared to its average volume of 456,829. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The business has a 50 day moving average price of $162.29 and a 200-day moving average price of $156.50. iShares Select Dividend ETF has a 12 month low of $137.16 and a 12 month high of $167.06.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.2472 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, June 15th.

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.