Mechanics Bank Trust Department Cuts Position in iShares Select Dividend ETF $DVY

Mechanics Bank Trust Department lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 19.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 32,109 shares of the company’s stock after selling 7,830 shares during the quarter. Mechanics Bank Trust Department’s holdings in iShares Select Dividend ETF were worth $4,563,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DVY. Brighton Jones LLC lifted its position in iShares Select Dividend ETF by 0.7% during the second quarter. Brighton Jones LLC now owns 11,418 shares of the company’s stock valued at $1,516,000 after buying an additional 75 shares in the last quarter. North Forty Two & Co. raised its stake in shares of iShares Select Dividend ETF by 1.6% in the 2nd quarter. North Forty Two & Co. now owns 4,902 shares of the company’s stock valued at $651,000 after acquiring an additional 75 shares during the period. Precedent Wealth Partners LLC lifted its holdings in shares of iShares Select Dividend ETF by 0.7% during the 2nd quarter. Precedent Wealth Partners LLC now owns 11,185 shares of the company’s stock valued at $1,486,000 after acquiring an additional 77 shares in the last quarter. Journey Strategic Wealth LLC boosted its position in iShares Select Dividend ETF by 2.4% during the 2nd quarter. Journey Strategic Wealth LLC now owns 3,331 shares of the company’s stock worth $442,000 after purchasing an additional 78 shares during the period. Finally, Keudell Morrison Wealth Management increased its holdings in iShares Select Dividend ETF by 1.0% in the 2nd quarter. Keudell Morrison Wealth Management now owns 8,224 shares of the company’s stock valued at $1,092,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $142.63 on Monday. The business’s 50-day moving average is $141.33 and its two-hundred day moving average is $139.46. The firm has a market capitalization of $21.16 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $145.03.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $6.46 annualized dividend and a yield of 4.5%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.