Valmark Advisers Inc. Sells 51,792 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Valmark Advisers Inc. trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 24.1% during the 2nd quarter, Holdings Channel reports. The firm owned 162,996 shares of the company’s stock after selling 51,792 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares Select Dividend ETF were worth $19,719,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DVY. GAMMA Investing LLC bought a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $27,000. 1620 Investment Advisors Inc. bought a new position in iShares Select Dividend ETF during the second quarter valued at approximately $30,000. ORG Partners LLC bought a new position in iShares Select Dividend ETF during the second quarter valued at approximately $32,000. Family Firm Inc. purchased a new stake in shares of iShares Select Dividend ETF during the second quarter valued at approximately $36,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF during the second quarter valued at approximately $40,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 0.8 %

Shares of NASDAQ:DVY traded up $1.12 during trading on Friday, reaching $134.07. 290,182 shares of the company traded hands, compared to its average volume of 487,168. The firm has a market capitalization of $19.93 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $134.13. The business’s fifty day moving average is $126.47 and its 200-day moving average is $122.50.

iShares Select Dividend ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a dividend of $0.9304 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Tuesday, June 11th.

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.