Signet Financial Management LLC Cuts Position in iShares Select Dividend ETF $DVY

Signet Financial Management LLC decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,781 shares of the company’s stock after selling 562 shares during the period. Signet Financial Management LLC’s holdings in iShares Select Dividend ETF were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in shares of iShares Select Dividend ETF by 6.7% in the first quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after acquiring an additional 194,941 shares in the last quarter. LPL Financial LLC raised its stake in iShares Select Dividend ETF by 1.1% in the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after purchasing an additional 16,803 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in iShares Select Dividend ETF in the 2nd quarter valued at about $178,925,000. Raymond James Financial Inc. lifted its holdings in iShares Select Dividend ETF by 2.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock valued at $163,204,000 after purchasing an additional 24,643 shares in the last quarter. Finally, Northside Capital Management LLC boosted its stake in shares of iShares Select Dividend ETF by 0.5% during the 1st quarter. Northside Capital Management LLC now owns 684,891 shares of the company’s stock worth $91,974,000 after purchasing an additional 3,411 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $139.96 on Friday. The company has a 50-day simple moving average of $139.05 and a 200-day simple moving average of $133.59. The company has a market cap of $20.52 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were issued 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 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.