iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.2% in the 2nd quarter, Holdings Channel reports. The firm owned 4,441 shares of the company’s stock after selling 99 shares during the period. Cahaba Wealth Management Inc.’s holdings in iShares Select Dividend ETF were worth $537,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Addison Advisors LLC lifted its holdings in shares of iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in iShares Select Dividend ETF during the 2nd quarter worth about $30,000. ORG Partners LLC purchased a new stake in iShares Select Dividend ETF during the second quarter valued at about $32,000. Family Firm Inc. acquired a new position in shares of iShares Select Dividend ETF in the second quarter worth about $36,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of iShares Select Dividend ETF in the second quarter worth about $40,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

DVY stock opened at $131.21 on Friday. The firm has a market capitalization of $19.50 billion, a P/E 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 $134.39. The company’s 50 day simple moving average is $127.66 and its 200-day simple moving average is $123.06.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.9304 per share. This represents a $3.72 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend 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.