First Citizens Bank & Trust Co. Trims Holdings in iShares Select Dividend ETF $DVY

First Citizens Bank & Trust Co. reduced its stake in iShares Select Dividend ETF (NASDAQ:DVYFree Report) by 36.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,984 shares of the company’s stock after selling 8,634 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in iShares Select Dividend ETF were worth $2,269,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of iShares Select Dividend ETF by 44.7% in the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at $34,000. NewEdge Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 0.4% in the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after buying an additional 326 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in iShares Select Dividend ETF by 52.8% during the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after acquiring an additional 8,479 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $162.06 on Thursday. The business has a 50-day moving average of $156.52 and a 200 day moving average of $153.31. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $164.73. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared 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. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th.

iShares Select Dividend ETF Profile

(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.

Recommended Stories

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

Receive News & Ratings for iShares Select Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Select Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.