Sheets Smith Wealth Management Has $915,000 Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Sheets Smith Wealth Management lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,315 shares of the company’s stock after selling 242 shares during the quarter. Sheets Smith Wealth Management’s holdings in iShares Select Dividend ETF were worth $915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DVY. First Hawaiian Bank increased its holdings in shares of iShares Select Dividend ETF by 3.0% in the first quarter. First Hawaiian Bank now owns 7,628 shares of the company’s stock worth $749,000 after acquiring an additional 221 shares in the last quarter. HCR Wealth Advisors boosted its position in shares of iShares Select Dividend ETF by 119.0% during the first quarter. HCR Wealth Advisors now owns 11,028 shares of the company’s stock worth $1,083,000 after buying an additional 5,993 shares during the period. Trust Co. of Virginia VA acquired a new position in shares of iShares Select Dividend ETF during the first quarter worth about $215,000. First American Bank acquired a new position in shares of iShares Select Dividend ETF during the first quarter worth about $201,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of iShares Select Dividend ETF by 93.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 6,315 shares of the company’s stock worth $564,000 after buying an additional 3,050 shares during the period.

NASDAQ DVY traded up $0.81 during trading hours on Friday, hitting $99.46. 531,594 shares of the company traded hands, compared to its average volume of 694,780. iShares Select Dividend ETF has a twelve month low of $84.62 and a twelve month high of $102.54. The stock has a 50-day simple moving average of $97.63.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Tuesday, June 18th were given a $0.8823 dividend. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Monday, June 17th.

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.

Further Reading: Preferred Stock

Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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