Bank of New York Mellon Corp Sells 86,721 Shares of iShares Select Dividend ETF $DVY

Bank of New York Mellon Corp decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVYFree Report) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,608,990 shares of the company’s stock after selling 86,721 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Select Dividend ETF were worth $243,617,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Caitlin John LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at $25,000. Elevated Capital Advisors LLC bought a new position in iShares Select Dividend ETF during the 4th quarter valued at about $26,000. Ransom Advisory Ltd bought a new position in iShares Select Dividend ETF during the 4th quarter valued at about $27,000. Miller Capital Partners Inc. bought a new stake in iShares Select Dividend ETF in the 4th quarter worth approximately $30,000. Finally, Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF in the second quarter valued at about $34,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Down 0.4%

Shares of DVY opened at $161.83 on Friday. The business has a 50-day simple moving average of $155.98 and a two-hundred day simple moving average of $152.82. The stock has a market cap of $23.75 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 52 week low of $132.83 and a 52 week high of $164.73.

iShares Select Dividend ETF Increases Dividend

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

About iShares Select Dividend ETF

(Free Report)

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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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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