Union Savings Bank purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm purchased 12,178 shares of the company’s stock, valued at approximately $1,719,000. iShares Select Dividend ETF accounts for about 0.7% of Union Savings Bank’s holdings, making the stock its 24th biggest position.
Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its position in iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after buying an additional 256,434 shares during the last quarter. Morgan Stanley raised its position in iShares Select Dividend ETF by 3.6% during the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after buying an additional 224,125 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of iShares Select Dividend ETF by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after acquiring an additional 69,658 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of iShares Select Dividend ETF by 3.9% in the 4th quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after acquiring an additional 114,490 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.
iShares Select Dividend ETF Price Performance
Shares of NASDAQ:DVY opened at $153.30 on Friday. The company has a market cap of $22.55 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The firm’s 50-day simple moving average is $153.80 and its 200-day simple moving average is $150.58. iShares Select Dividend ETF has a fifty-two week low of $129.94 and a fifty-two week high of $160.38.
iShares Select Dividend ETF Increases Dividend
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.
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