Cypress Capital Group Sells 1,310 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Cypress Capital Group lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,066 shares of the company’s stock after selling 1,310 shares during the quarter. Cypress Capital Group’s holdings in iShares Select Dividend ETF were worth $1,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DVY. GAMMA Investing LLC bought a new position in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $27,000. 1620 Investment Advisors Inc. bought a new stake in iShares Select Dividend ETF during the 2nd quarter worth $30,000. ORG Partners LLC acquired a new position in shares of iShares Select Dividend ETF in the second quarter valued at approximately $32,000. Family Firm Inc. acquired a new position in iShares Select Dividend ETF in the 2nd quarter valued at approximately $36,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of iShares Select Dividend ETF in the second quarter worth $40,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock traded up $1.69 during midday trading on Friday, reaching $132.26. The company had a trading volume of 407,425 shares, compared to its average volume of 488,857. The firm has a market cap of $19.66 billion, a PE ratio of 13.25 and a beta of 0.87. The stock has a fifty day moving average price of $125.20 and a 200 day moving average price of $121.90. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $132.61.

iShares Select Dividend ETF Announces Dividend

The business also recently declared 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 2.81%. The ex-dividend date was Tuesday, June 11th.

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.