SPC Financial Inc. Sells 13,094 Shares of iShares Select Dividend ETF $DVY

SPC Financial Inc. trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 31.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 28,845 shares of the company’s stock after selling 13,094 shares during the period. SPC Financial Inc.’s holdings in iShares Select Dividend ETF were worth $4,099,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in DVY. Parvin Asset Management LLC purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth $27,000. Financial Gravity Companies Inc. bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $29,000. Total Investment Management Inc. purchased a new stake in iShares Select Dividend ETF in the second quarter worth about $29,000. Kilter Group LLC purchased a new stake in iShares Select Dividend ETF in the second quarter worth about $31,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF in the second quarter worth about $34,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.4%

DVY stock opened at $155.44 on Friday. The business’s 50-day moving average price is $145.34 and its 200-day moving average price is $141.87. The stock has a market cap of $22.67 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $155.61.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.6162 dividend. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, December 16th.

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