Cypress Capital Group Cuts Stock Position in iShares Select Dividend ETF $DVY

Cypress Capital Group trimmed its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,702 shares of the company’s stock after selling 300 shares during the quarter. Cypress Capital Group’s holdings in iShares Select Dividend ETF were worth $1,687,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DVY. Financial Gravity Asset Management Inc. purchased a new stake in iShares Select Dividend ETF in the 1st quarter worth $30,000. IMA Advisory Services Inc. acquired a new stake in shares of iShares Select Dividend ETF in the first quarter valued at about $34,000. Cypress Capital Management LLC WY purchased a new stake in shares of iShares Select Dividend ETF during the first quarter worth about $35,000. First Pacific Financial acquired a new position in shares of iShares Select Dividend ETF during the 1st quarter worth about $40,000. Finally, IAG Wealth Partners LLC acquired a new position in shares of iShares Select Dividend ETF during the 1st quarter worth about $54,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 1.8%

DVY stock opened at $138.16 on Monday. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The business’s 50-day moving average is $140.19 and its 200 day moving average is $134.27. The stock has a market cap of $20.32 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a dividend of $1.2465 per share. 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 annualized dividend and a dividend yield of 3.6%.

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.