Inman Jager Wealth Management LLC Sells 966 Shares of iShares Select Dividend ETF $DVY

Inman Jager Wealth Management LLC reduced its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,273 shares of the company’s stock after selling 966 shares during the period. iShares Select Dividend ETF makes up about 2.4% of Inman Jager Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Inman Jager Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $3,622,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DVY. Financial Gravity Asset Management Inc. acquired a new stake in iShares Select Dividend ETF in the first quarter worth $30,000. IMA Advisory Services Inc. acquired a new stake in iShares Select Dividend ETF in the first quarter worth $34,000. Cypress Capital Management LLC WY acquired a new stake in iShares Select Dividend ETF in the first quarter worth $35,000. First Pacific Financial acquired a new stake in iShares Select Dividend ETF in the first quarter worth $40,000. Finally, IAG Wealth Partners LLC acquired a new stake in iShares Select Dividend ETF in the first quarter worth $54,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

DVY opened at $138.16 on Friday. The firm’s fifty day moving average is $140.19 and its two-hundred day moving average is $134.27. The firm has a market cap of $20.32 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a $1.2465 dividend. This represents a $4.99 annualized dividend and a yield of 3.6%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th.

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.