Bank of New York Mellon Corp Increases Stock Position in iShares Select Dividend ETF $DVY

Bank of New York Mellon Corp lifted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,695,711 shares of the company’s stock after purchasing an additional 23,407 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Select Dividend ETF were worth $239,333,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Archer Investment Corp lifted its position in shares of iShares Select Dividend ETF by 0.9% in the 4th quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock worth $1,106,000 after purchasing an additional 69 shares during the period. Kingsview Wealth Management LLC lifted its position in iShares Select Dividend ETF by 1.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after acquiring an additional 69 shares during the last quarter. Romano Brothers AND Company lifted its position in iShares Select Dividend ETF by 0.7% during the fourth quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock valued at $1,415,000 after acquiring an additional 70 shares during the last quarter. Compound Planning Inc. lifted its position in iShares Select Dividend ETF by 2.7% during the third quarter. Compound Planning Inc. now owns 2,785 shares of the company’s stock valued at $396,000 after acquiring an additional 74 shares during the last quarter. Finally, Journey Advisory Group LLC lifted its position in iShares Select Dividend ETF by 0.8% during the fourth quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock valued at $1,368,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.8%

NASDAQ:DVY opened at $154.91 on Friday. iShares Select Dividend ETF has a 52 week low of $129.36 and a 52 week high of $160.38. The firm has a 50 day moving average of $152.83 and a 200 day moving average of $149.50. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $1.1493 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%.

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.