iShares Select Dividend ETF $DVY Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 5.1% during the third quarter, Holdings Channel reports. The firm owned 253,981 shares of the company’s stock after selling 13,650 shares during the period. Fifth Third Bancorp’s holdings in iShares Select Dividend ETF were worth $36,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Horizon Corp bought a new position in shares of iShares Select Dividend ETF in the third quarter valued at $1,585,000. Flow Traders U.S. LLC acquired a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth $1,405,000. Park Avenue Securities LLC acquired a new stake in shares of iShares Select Dividend ETF during the third quarter worth $1,595,000. FAS Wealth Partners Inc. lifted its holdings in shares of iShares Select Dividend ETF by 12.5% during the third quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock valued at $4,449,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of iShares Select Dividend ETF by 14.7% during the second quarter. Allworth Financial LP now owns 27,513 shares of the company’s stock valued at $3,654,000 after purchasing an additional 3,519 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 1.0%

Shares of DVY opened at $157.93 on Tuesday. The business’s 50-day moving average price is $147.13 and its 200 day moving average price is $142.74. The stock has a market capitalization of $23.03 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $158.82.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $1.6162 dividend. This represents a $6.46 annualized dividend and a dividend yield of 4.1%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, December 16th.

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