Phillips Financial Management LLC Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Phillips Financial Management LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 16.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,594 shares of the company’s stock after selling 499 shares during the period. Phillips Financial Management LLC’s holdings in iShares Select Dividend ETF were worth $350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in iShares Select Dividend ETF by 0.4% during the first quarter. Vanguard Group Inc. now owns 31,581 shares of the company’s stock valued at $3,890,000 after purchasing an additional 134 shares in the last quarter. Davis R M Inc. grew its position in shares of iShares Select Dividend ETF by 4.9% in the 1st quarter. Davis R M Inc. now owns 3,159 shares of the company’s stock worth $389,000 after buying an additional 148 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of iShares Select Dividend ETF by 280.5% during the 1st quarter. CreativeOne Wealth LLC now owns 9,828 shares of the company’s stock worth $1,211,000 after acquiring an additional 7,245 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of iShares Select Dividend ETF by 1.5% during the 1st quarter. Axxcess Wealth Management LLC now owns 7,390 shares of the company’s stock worth $910,000 after acquiring an additional 107 shares in the last quarter. Finally, Rodgers Brothers Inc. purchased a new stake in iShares Select Dividend ETF during the first quarter valued at approximately $298,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 0.3 %

NASDAQ DVY opened at $138.33 on Monday. The firm’s fifty day simple moving average is $134.99 and its two-hundred day simple moving average is $128.67. The firm has a market capitalization of $20.61 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $109.15 and a 12-month high of $139.90.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid a dividend of $1.5496 per share. The ex-dividend date was Wednesday, September 25th.

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.