Summit Financial Group Inc. cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 20.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,217 shares of the company’s stock after selling 6,785 shares during the quarter. iShares Select Dividend ETF makes up approximately 1.4% of Summit Financial Group Inc.’s portfolio, making the stock its 20th biggest position. Summit Financial Group Inc.’s holdings in iShares Select Dividend ETF were worth $2,775,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Personal Wealth Partners acquired a new position in iShares Select Dividend ETF in the second quarter valued at approximately $28,000. Coastal Capital Group Inc. acquired a new position in iShares Select Dividend ETF in the second quarter valued at approximately $29,000. Investors Research Corp boosted its holdings in iShares Select Dividend ETF by 2,218.8% in the second quarter. Investors Research Corp now owns 371 shares of the company’s stock valued at $37,000 after purchasing an additional 355 shares in the last quarter. Asset Planning Services Ltd. acquired a new position in iShares Select Dividend ETF in the second quarter valued at approximately $41,000. Finally, Capital Directions Investment Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the first quarter valued at approximately $60,000.
Shares of DVY stock traded up $0.79 during trading hours on Wednesday, hitting $99.04. The stock had a trading volume of 3,242 shares, compared to its average volume of 605,417. iShares Select Dividend ETF has a twelve month low of $84.62 and a twelve month high of $103.78. The stock’s 50 day moving average is $99.92 and its 200 day moving average is $99.14.
The company also recently disclosed a — dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a $0.9558 dividend. This represents a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 24th.
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.
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