Welch Group LLC Sells 9,291 Shares of iShares Select Dividend ETF $DVY

Welch Group LLC trimmed its position in shares of iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 66.6% during the first quarter, Holdings Channel.com reports. The fund owned 4,667 shares of the company’s stock after selling 9,291 shares during the quarter. Welch Group LLC’s holdings in iShares Select Dividend ETF were worth $707,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caitlin John LLC bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at about $25,000. Elevated Capital Advisors LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter worth about $26,000. Ransom Advisory Ltd bought a new stake in iShares Select Dividend ETF in the 4th quarter worth about $27,000. Miller Capital Partners Inc. bought a new stake in iShares Select Dividend ETF in the 4th quarter worth about $30,000. Finally, Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.7%

iShares Select Dividend ETF stock opened at $158.16 on Friday. iShares Select Dividend ETF has a 52 week low of $131.48 and a 52 week high of $160.38. The company’s 50 day moving average price is $154.17 and its two-hundred day moving average price is $151.08. The stock has a market cap of $23.27 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.2%.

About iShares Select Dividend ETF

(Free Report)

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.

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