Retirement Planning Group LLC Decreases Holdings in iShares Select Dividend ETF $DVY

Retirement Planning Group LLC cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 7.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,077 shares of the company’s stock after selling 509 shares during the period. Retirement Planning Group LLC’s holdings in iShares Select Dividend ETF were worth $807,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in iShares Select Dividend ETF by 16.9% during the 2nd quarter. D.A. Davidson & CO. now owns 24,885 shares of the company’s stock valued at $3,305,000 after buying an additional 3,599 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in iShares Select Dividend ETF by 7.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 18,689 shares of the company’s stock valued at $2,482,000 after buying an additional 1,258 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in iShares Select Dividend ETF by 8.5% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 2,392 shares of the company’s stock valued at $318,000 after buying an additional 188 shares during the last quarter. CMG Global Holdings LLC raised its stake in iShares Select Dividend ETF by 21.9% during the 2nd quarter. CMG Global Holdings LLC now owns 22,106 shares of the company’s stock valued at $3,023,000 after buying an additional 3,973 shares during the last quarter. Finally, West Tower Group LLC purchased a new stake in iShares Select Dividend ETF during the 2nd quarter valued at $1,727,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $141.25 on Thursday. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09. The firm has a fifty day moving average price of $140.89 and a 200-day moving average price of $134.75. The company has a market cap of $20.71 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.