ST Germain D J Co. Inc. Sells 351 Shares of iShares Select Dividend ETF $DVY

ST Germain D J Co. Inc. lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,594 shares of the company’s stock after selling 351 shares during the period. ST Germain D J Co. Inc.’s holdings in iShares Select Dividend ETF were worth $212,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DVY. Financial Gravity Asset Management Inc. bought a new stake in iShares Select Dividend ETF in the first quarter valued at $30,000. IMA Advisory Services Inc. bought a new stake in iShares Select Dividend ETF in the first quarter valued at $34,000. Cypress Capital Management LLC WY bought a new stake in iShares Select Dividend ETF in the first quarter valued at $35,000. First Pacific Financial bought a new stake in iShares Select Dividend ETF in the first quarter valued at $40,000. Finally, Roxbury Financial LLC boosted its holdings in iShares Select Dividend ETF by 39.5% in the first quarter. Roxbury Financial LLC now owns 367 shares of the company’s stock valued at $51,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.0%

NASDAQ:DVY opened at $141.36 on Friday. The stock has a market cap of $20.72 billion, a P/E ratio of 13.69 and a beta of 0.87. The firm’s fifty day simple moving average is $139.16 and its 200 day simple moving average is $133.68. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09.

iShares Select Dividend ETF Increases Dividend

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

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.