MV Capital Management Inc. Has $4.21 Million Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

MV Capital Management Inc. lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.3% in the first quarter, HoldingsChannel reports. The firm owned 34,192 shares of the company’s stock after selling 467 shares during the period. MV Capital Management Inc.’s holdings in iShares Select Dividend ETF were worth $4,212,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC increased its position in iShares Select Dividend ETF by 2.1% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after acquiring an additional 88 shares in the last quarter. Sunbelt Securities Inc. increased its position in iShares Select Dividend ETF by 0.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock valued at $1,730,000 after acquiring an additional 96 shares in the last quarter. Access Financial Services Inc. increased its position in iShares Select Dividend ETF by 0.5% in the 4th quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock valued at $2,272,000 after acquiring an additional 96 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in iShares Select Dividend ETF by 3.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after acquiring an additional 96 shares in the last quarter. Finally, HCR Wealth Advisors increased its position in iShares Select Dividend ETF by 3.1% in the 4th quarter. HCR Wealth Advisors now owns 3,286 shares of the company’s stock valued at $385,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY traded up $0.48 during midday trading on Tuesday, hitting $120.79. The company had a trading volume of 441,275 shares, compared to its average volume of 515,794. The company has a market capitalization of $18.35 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $125.99. The firm’s 50-day simple moving average is $121.99 and its 200-day simple moving average is $119.12.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 annualized dividend and a yield of 3.08%.

iShares Select Dividend ETF 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.