Paulson Wealth Management Inc. Sells 624 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Paulson Wealth Management Inc. lessened its position in iShares Select Dividend ETF (NASDAQ:DVY) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,900 shares of the company’s stock after selling 624 shares during the period. Paulson Wealth Management Inc.’s holdings in iShares Select Dividend ETF were worth $956,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DVY. Jane Street Group LLC lifted its holdings in iShares Select Dividend ETF by 1,872.8% during the 1st quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock valued at $76,060,000 after purchasing an additional 586,170 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in iShares Select Dividend ETF by 47.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 759,253 shares of the company’s stock valued at $93,525,000 after acquiring an additional 243,579 shares during the period. Truist Financial Corp lifted its position in iShares Select Dividend ETF by 5.9% during the fourth quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock worth $176,469,000 after acquiring an additional 84,251 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of iShares Select Dividend ETF by 728.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 73,108 shares of the company’s stock worth $9,005,000 after acquiring an additional 64,288 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of iShares Select Dividend ETF by 34.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 230,083 shares of the company’s stock worth $26,970,000 after acquiring an additional 58,877 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded up $0.45 during trading hours on Monday, reaching $132.71. 251,692 shares of the stock were exchanged, compared to its average volume of 487,410. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The stock’s fifty day simple moving average is $125.20 and its 200 day simple moving average is $121.90. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $133.46.

iShares Select Dividend ETF Announces Dividend

The company 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. This represents a $3.72 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Tuesday, June 11th.

About iShares Select Dividend ETF

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.