Fifth Third Wealth Advisors LLC Sells 4,261 Shares of iShares Select Dividend ETF $DVY

Fifth Third Wealth Advisors LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 147,879 shares of the company’s stock after selling 4,261 shares during the period. iShares Select Dividend ETF comprises 0.7% of Fifth Third Wealth Advisors LLC’s holdings, making the stock its 23rd biggest position. Fifth Third Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $20,872,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DVY. Bank of America Corp DE increased its holdings in shares of iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of iShares Select Dividend ETF by 526.0% during the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after purchasing an additional 152,417 shares during the period. UBS Group AG lifted its holdings in shares of iShares Select Dividend ETF by 10.0% during the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock worth $164,130,000 after purchasing an additional 104,866 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in iShares Select Dividend ETF in the third quarter valued at approximately $8,718,000. Finally, MML Investors Services LLC boosted its position in iShares Select Dividend ETF by 157.2% in the second quarter. MML Investors Services LLC now owns 86,631 shares of the company’s stock valued at $11,505,000 after buying an additional 52,952 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Up 0.9%

Shares of NASDAQ:DVY opened at $151.41 on Wednesday. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $160.38. The company has a market cap of $22.08 billion, a PE ratio of 13.69 and a beta of 0.77. The company’s 50 day moving average is $152.53 and its 200 day moving average is $145.58.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a $1.1493 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%.

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.