Farmers National Bank Cuts Holdings in iShares Select Dividend ETF $DVY

Farmers National Bank reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,872 shares of the company’s stock after selling 497 shares during the quarter. Farmers National Bank’s holdings in iShares Select Dividend ETF were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DVY. Financial Gravity Companies Inc. bought a new stake in shares of iShares Select Dividend ETF in the second quarter worth $29,000. Creative Capital Management Investments LLC lifted its position in iShares Select Dividend ETF by 82.1% during the second quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after purchasing an additional 207 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in iShares Select Dividend ETF during the first quarter valued at about $64,000. AlphaCore Capital LLC purchased a new stake in iShares Select Dividend ETF in the second quarter worth about $68,000. Finally, Berkshire Money Management Inc. bought a new position in shares of iShares Select Dividend ETF in the second quarter worth about $75,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

DVY opened at $140.35 on Tuesday. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The firm’s fifty day moving average is $140.55 and its 200 day moving average is $137.21. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Increases Dividend

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

iShares Select Dividend ETF Company 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.