iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,441 shares of the company’s stock after selling 99 shares during the period. Cahaba Wealth Management Inc.’s holdings in iShares Select Dividend ETF were worth $537,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Addison Advisors LLC grew its position in iShares Select Dividend ETF by 107.1% in the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Select Dividend ETF during the second quarter worth approximately $30,000. ORG Partners LLC bought a new position in iShares Select Dividend ETF in the 2nd quarter worth approximately $32,000. Family Firm Inc. acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at approximately $36,000. Finally, Triad Wealth Partners LLC bought a new stake in iShares Select Dividend ETF during the 2nd quarter valued at $40,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $131.21 on Friday. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $134.39. The business has a fifty day moving average of $127.66 and a 200-day moving average of $123.06.

iShares Select Dividend ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 annualized dividend and a yield of 2.84%.

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.