Stephens Inc. AR Decreases Stake in iShares Select Dividend ETF $DVY

Stephens Inc. AR reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 13.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,221 shares of the company’s stock after selling 2,491 shares during the period. Stephens Inc. AR’s holdings in iShares Select Dividend ETF were worth $2,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Tower Group LLC purchased a new position in iShares Select Dividend ETF in the 2nd quarter valued at about $1,727,000. Northeast Investment Management boosted its position in iShares Select Dividend ETF by 6.2% in the 2nd quarter. Northeast Investment Management now owns 2,174 shares of the company’s stock valued at $289,000 after buying an additional 127 shares during the last quarter. Sigma Investment Counselors Inc. boosted its position in iShares Select Dividend ETF by 8.2% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 2,045 shares of the company’s stock valued at $272,000 after buying an additional 155 shares during the last quarter. Arcus Capital Partners LLC boosted its position in iShares Select Dividend ETF by 6.8% in the 2nd quarter. Arcus Capital Partners LLC now owns 173,966 shares of the company’s stock valued at $23,104,000 after buying an additional 11,064 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in iShares Select Dividend ETF by 18.3% in the 2nd quarter. Koshinski Asset Management Inc. now owns 8,159 shares of the company’s stock valued at $1,084,000 after buying an additional 1,260 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $141.25 on Thursday. The firm has a 50-day moving average of $140.89 and a two-hundred day moving average of $134.75. The stock has a market cap of $20.71 billion, a P/E ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09.

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. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. This is an increase 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.