PKS Advisory Services LLC Decreases Holdings in iShares Select Dividend ETF $DVY

PKS Advisory Services LLC decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,995 shares of the company’s stock after selling 452 shares during the period. iShares Select Dividend ETF makes up about 0.9% of PKS Advisory Services LLC’s holdings, making the stock its 20th biggest holding. PKS Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $3,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DVY. Financial Gravity Companies Inc. bought a new stake in iShares Select Dividend ETF in the second quarter worth $29,000. IMA Advisory Services Inc. bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $34,000. Creative Capital Management Investments LLC lifted its stake in shares of iShares Select Dividend ETF by 82.1% in the 2nd quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after acquiring an additional 207 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in iShares Select Dividend ETF during the 1st quarter worth approximately $64,000. Finally, Berkshire Money Management Inc. purchased a new position in iShares Select Dividend ETF in the 2nd quarter worth approximately $75,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $138.43 on Thursday. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The firm has a market cap of $20.27 billion, a PE ratio of 13.69 and a beta of 0.77. The business has a 50 day moving average price of $140.71 and a 200-day moving average price of $136.95.

iShares Select Dividend ETF Increases Dividend

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

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.