Citizens Financial Group Inc. RI Decreases Position in iShares Select Dividend ETF $DVY

Citizens Financial Group Inc. RI decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,479 shares of the company’s stock after selling 3,720 shares during the period. Citizens Financial Group Inc. RI’s holdings in iShares Select Dividend ETF were worth $6,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in iShares Select Dividend ETF by 14.3% during the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares during the period. AQR Capital Management LLC grew its position in shares of iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after buying an additional 3,918 shares in the last quarter. Wesbanco Bank Inc. increased its stake in shares of iShares Select Dividend ETF by 18.9% during the second quarter. Wesbanco Bank Inc. now owns 17,991 shares of the company’s stock worth $2,389,000 after buying an additional 2,865 shares during the period. Parallel Advisors LLC raised its holdings in iShares Select Dividend ETF by 1.7% in the second quarter. Parallel Advisors LLC now owns 16,309 shares of the company’s stock valued at $2,166,000 after acquiring an additional 271 shares in the last quarter. Finally, Apella Capital LLC raised its holdings in iShares Select Dividend ETF by 127.1% in the second quarter. Apella Capital LLC now owns 4,234 shares of the company’s stock valued at $574,000 after acquiring an additional 2,370 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.2%

NASDAQ DVY opened at $145.29 on Tuesday. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $146.00. The firm has a 50 day moving average of $141.85 and a two-hundred day moving average of $140.03. The stock has a market capitalization of $21.45 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $1.6162 per share. The ex-dividend date was Tuesday, December 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.4%.

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