PMG Wealth Management Inc. Sells 94 Shares of iShares Select Dividend ETF $DVY

PMG Wealth Management Inc. reduced its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,708 shares of the company’s stock after selling 94 shares during the quarter. PMG Wealth Management Inc.’s holdings in iShares Select Dividend ETF were worth $360,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DVY. Murphy Middleton Hinkle & Parker Inc. grew its stake in shares of iShares Select Dividend ETF by 0.3% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 32,178 shares of the company’s stock valued at $4,318,000 after acquiring an additional 84 shares during the period. Denver Wealth Management Inc. grew its stake in shares of iShares Select Dividend ETF by 4.2% during the 1st quarter. Denver Wealth Management Inc. now owns 2,086 shares of the company’s stock valued at $280,000 after acquiring an additional 85 shares during the period. CRA Financial Services LLC grew its stake in shares of iShares Select Dividend ETF by 1.0% during the 2nd quarter. CRA Financial Services LLC now owns 9,620 shares of the company’s stock valued at $1,278,000 after acquiring an additional 91 shares during the period. Fidelity D & D Bancorp Inc. grew its stake in shares of iShares Select Dividend ETF by 5.7% during the 1st quarter. Fidelity D & D Bancorp Inc. now owns 1,729 shares of the company’s stock valued at $232,000 after acquiring an additional 93 shares during the period. Finally, Madrona Financial Services LLC grew its stake in shares of iShares Select Dividend ETF by 2.6% during the 1st quarter. Madrona Financial Services LLC now owns 3,940 shares of the company’s stock valued at $529,000 after acquiring an additional 98 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 1.0%

Shares of NASDAQ:DVY opened at $141.36 on Friday. The stock has a 50 day moving average of $139.16 and a 200 day moving average of $133.68. The company has a market cap of $20.72 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 firm also recently declared 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 of this dividend was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.