Fifth Third Bancorp Purchases 413,908 Shares of iShares Select Dividend ETF $DVY

Fifth Third Bancorp lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 178.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 645,684 shares of the company’s stock after buying an additional 413,908 shares during the quarter. Fifth Third Bancorp owned about 0.44% of iShares Select Dividend ETF worth $97,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Caitlin John LLC acquired a new position in iShares Select Dividend ETF during the 4th quarter worth $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at about $26,000. Ransom Advisory Ltd bought a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $27,000. Miller Capital Partners Inc. bought a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $30,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth about $34,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Up 0.9%

NASDAQ:DVY traded up $1.35 during mid-day trading on Friday, hitting $159.46. 434,617 shares of the company’s stock traded hands, compared to its average volume of 482,455. The firm has a 50 day moving average of $155.28 and a two-hundred day moving average of $152.18. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $161.01. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

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 issued a dividend of $1.2472 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th.

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.