iShares Select Dividend ETF (NASDAQ:DVY) is Redmont Wealth Advisors LLC’s 9th Largest Position

Redmont Wealth Advisors LLC decreased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 17.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,111 shares of the company’s stock after selling 3,037 shares during the period. iShares Select Dividend ETF makes up approximately 2.4% of Redmont Wealth Advisors LLC’s holdings, making the stock its 9th largest holding. Redmont Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,738,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of iShares Select Dividend ETF by 12,638.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after acquiring an additional 2,388,510 shares during the last quarter. Comerica Bank purchased a new position in iShares Select Dividend ETF during the 3rd quarter valued at about $61,160,000. Miller Howard Investments Inc. NY raised its position in iShares Select Dividend ETF by 110.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 403,081 shares of the company’s stock valued at $47,249,000 after purchasing an additional 211,112 shares during the last quarter. Truist Financial Corp lifted its holdings in iShares Select Dividend ETF by 5.9% in the 4th quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock worth $176,469,000 after buying an additional 84,251 shares during the period. Finally, Royal Bank of Canada grew its position in shares of iShares Select Dividend ETF by 2.6% in the 3rd quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock worth $277,635,000 after buying an additional 64,326 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock traded down $0.24 during midday trading on Wednesday, reaching $120.55. 139,254 shares of the company’s stock traded hands, compared to its average volume of 512,829. The stock has a 50 day moving average of $122.00 and a 200-day moving average of $119.15. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $125.99. The company has a market cap of $18.32 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a $0.9304 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 annualized dividend and a yield of 3.09%.

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.