Bank of New York Mellon Corp Has $243.62 Million Stock Position in iShares Select Dividend ETF $DVY

Bank of New York Mellon Corp trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,608,990 shares of the company’s stock after selling 86,721 shares during the quarter. Bank of New York Mellon Corp owned 1.09% of iShares Select Dividend ETF worth $243,617,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of iShares Select Dividend ETF by 3.6% during the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Select Dividend ETF by 1,771.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after acquiring an additional 6,044,290 shares in the last quarter. Wells Fargo & Company MN raised its position in iShares Select Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock valued at $537,455,000 after purchasing an additional 69,658 shares in the last quarter. Royal Bank of Canada grew its position in iShares Select Dividend ETF by 3.9% in the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock valued at $433,832,000 after acquiring an additional 114,490 shares during the last quarter. Finally, LPL Financial LLC increased its position in iShares Select Dividend ETF by 3.8% during the 4th quarter. LPL Financial LLC now owns 1,789,466 shares of the company’s stock worth $252,565,000 after purchasing an additional 65,691 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.4%

Shares of DVY stock opened at $161.83 on Friday. The firm has a market capitalization of $23.75 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a twelve month low of $132.83 and a twelve month high of $164.73. The stock’s fifty day simple moving average is $155.98 and its 200 day simple moving average is $152.82.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%.

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.