Balentine LLC Has $6.79 Million Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Balentine LLC decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,263 shares of the company’s stock after selling 5,851 shares during the quarter. iShares Select Dividend ETF comprises approximately 0.3% of Balentine LLC’s investment portfolio, making the stock its 21st largest holding. Balentine LLC’s holdings in iShares Select Dividend ETF were worth $6,789,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Addison Advisors LLC boosted its holdings in iShares Select Dividend ETF by 107.1% in the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock worth $28,000 after acquiring an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth $30,000. ORG Partners LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $32,000. Family Firm Inc. bought a new stake in iShares Select Dividend ETF during the 2nd quarter valued at $36,000. Finally, ORG Wealth Partners LLC acquired a new position in iShares Select Dividend ETF during the third quarter worth $36,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $134.92 on Wednesday. The company has a 50-day moving average price of $134.16 and a 200-day moving average price of $127.65. The stock has a market capitalization of $20.10 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $105.58 and a 1 year high of $137.26.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were paid a dividend of $1.5496 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

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.