Ledyard National Bank Reduces Stock Position in iShares Select Dividend ETF $DVY

Ledyard National Bank reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 20.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,880 shares of the company’s stock after selling 1,250 shares during the quarter. Ledyard National Bank’s holdings in iShares Select Dividend ETF were worth $648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Carret Asset Management LLC lifted its holdings in shares of iShares Select Dividend ETF by 1.5% in the second quarter. Carret Asset Management LLC now owns 49,157 shares of the company’s stock worth $6,529,000 after buying an additional 739 shares in the last quarter. Keybank National Association OH lifted its stake in iShares Select Dividend ETF by 7.6% in the 2nd quarter. Keybank National Association OH now owns 38,114 shares of the company’s stock worth $5,062,000 after purchasing an additional 2,701 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in iShares Select Dividend ETF in the 2nd quarter worth approximately $281,000. Arkadios Wealth Advisors lifted its stake in iShares Select Dividend ETF by 21.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 12,586 shares of the company’s stock worth $1,671,000 after purchasing an additional 2,204 shares in the last quarter. Finally, World Investment Advisors lifted its stake in iShares Select Dividend ETF by 1.8% in the 2nd quarter. World Investment Advisors now owns 12,622 shares of the company’s stock worth $1,676,000 after purchasing an additional 225 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $139.46 on Friday. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09. The stock has a market capitalization of $20.42 billion, a PE ratio of 13.69 and a beta of 0.77. The company’s 50 day simple moving average is $141.19 and its two-hundred day simple moving average is $135.64.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a $1.2465 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $4.99 annualized dividend and a yield of 3.6%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.