Oxbow Advisors LLC Reduces Position in iShares Select Dividend ETF (NASDAQ:DVY)

Oxbow Advisors LLC reduced its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 6.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,935 shares of the company’s stock after selling 1,272 shares during the quarter. Oxbow Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DVY. Addison Advisors LLC increased its stake 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 buying an additional 120 shares during the period. 1620 Investment Advisors Inc. purchased a new position in iShares Select Dividend ETF during the 2nd quarter valued at $30,000. ORG Partners LLC bought a new position in iShares Select Dividend ETF in the 2nd quarter worth $32,000. Family Firm Inc. purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth about $36,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded down $1.52 during midday trading on Friday, hitting $131.21. 486,791 shares of the company traded hands, compared to its average volume of 484,888. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $134.39. The firm has a market cap of $19.50 billion, a P/E ratio of 13.25 and a beta of 0.87. The stock has a 50-day moving average price of $127.66 and a 200 day moving average price of $123.06.

iShares Select Dividend ETF Dividend Announcement

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

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.