Ellis Investment Partners LLC Sells 3,884 Shares of iShares Select Dividend ETF $DVY

Ellis Investment Partners LLC lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 198,306 shares of the company’s stock after selling 3,884 shares during the quarter. iShares Select Dividend ETF makes up about 5.1% of Ellis Investment Partners LLC’s portfolio, making the stock its 3rd biggest holding. Ellis Investment Partners LLC owned 0.14% of iShares Select Dividend ETF worth $26,337,000 as of its most recent filing with the SEC.

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

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $138.16 on Monday. The stock’s 50 day simple moving average is $140.19 and its 200-day simple moving average is $134.27. The company has a market cap of $20.32 billion, a PE 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. The ex-dividend date of this dividend 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 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.