iShares Select Dividend ETF $DVY is First United Bank & Trust’s 3rd Largest Position

First United Bank & Trust grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,016 shares of the company’s stock after buying an additional 9,935 shares during the period. iShares Select Dividend ETF accounts for approximately 3.7% of First United Bank & Trust’s portfolio, making the stock its 3rd largest holding. First United Bank & Trust owned approximately 0.05% of iShares Select Dividend ETF worth $11,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Caitlin John LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $25,000. Elevated Capital Advisors LLC bought a new position in iShares Select Dividend ETF in the 4th quarter valued at $26,000. Ransom Advisory Ltd purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $27,000. Miller Capital Partners Inc. purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $30,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF in the second quarter worth $34,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $158.16 on Friday. The firm has a market capitalization of $23.27 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 52-week low of $131.48 and a 52-week high of $160.38. The stock has a fifty day moving average of $154.17 and a 200 day moving average of $151.08.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.2%.

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.