Essex Savings Bank Reduces Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Essex Savings Bank lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,086 shares of the company’s stock after selling 81 shares during the period. Essex Savings Bank’s holdings in iShares Select Dividend ETF were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DVY. Pathway Financial Advisers LLC lifted its stake in iShares Select Dividend ETF by 1.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 6,137 shares of the company’s stock worth $740,000 after purchasing an additional 84 shares in the last quarter. LS Investment Advisors LLC raised its position in iShares Select Dividend ETF by 1.6% in the 2nd quarter. LS Investment Advisors LLC now owns 5,392 shares of the company’s stock worth $652,000 after purchasing an additional 85 shares during the period. Regatta Capital Group LLC grew its stake in iShares Select Dividend ETF by 2.5% in the 3rd quarter. Regatta Capital Group LLC now owns 3,715 shares of the company’s stock worth $502,000 after acquiring an additional 90 shares in the last quarter. Dodds Wealth LLC grew its stake in iShares Select Dividend ETF by 1.1% in the 3rd quarter. Dodds Wealth LLC now owns 7,941 shares of the company’s stock worth $1,055,000 after acquiring an additional 90 shares in the last quarter. Finally, Perfromance Wealth Partners LLC grew its stake in iShares Select Dividend ETF by 0.9% in the 2nd quarter. Perfromance Wealth Partners LLC now owns 10,034 shares of the company’s stock worth $1,214,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $138.16 on Friday. The company has a market capitalization of $20.59 billion, a P/E ratio of 13.25 and a beta of 0.87. The company’s 50-day simple moving average is $134.46 and its two-hundred day simple moving average is $127.92. iShares Select Dividend ETF has a one year low of $105.58 and a one year high of $138.70.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were paid a $1.5496 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

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.