Phillips Financial Management LLC Decreases Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Phillips Financial Management LLC cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,594 shares of the company’s stock after selling 499 shares during the period. Phillips Financial Management LLC’s holdings in iShares Select Dividend ETF were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Addison Advisors LLC increased its position in iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares Select Dividend ETF in the second quarter worth approximately $30,000. ORG Partners LLC purchased a new position in iShares Select Dividend ETF during the 2nd quarter valued at $32,000. Family Firm Inc. bought a new position in iShares Select Dividend ETF in the 2nd quarter valued at $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of iShares Select Dividend ETF in the third quarter worth about $36,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $138.33 on Monday. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm has a 50-day moving average of $134.99 and a two-hundred day moving average of $128.67. iShares Select Dividend ETF has a 1 year low of $109.15 and a 1 year high of $139.90.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

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.