US Bancorp DE Buys 15,019 Shares of iShares Select Dividend ETF $DVY

US Bancorp DE increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,137,906 shares of the company’s stock after acquiring an additional 15,019 shares during the quarter. US Bancorp DE’s holdings in iShares Select Dividend ETF were worth $151,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DVY. Financial Gravity Asset Management Inc. bought a new position in shares of iShares Select Dividend ETF during the first quarter worth $30,000. IMA Advisory Services Inc. bought a new position in shares of iShares Select Dividend ETF during the first quarter worth $34,000. Cypress Capital Management LLC WY bought a new position in shares of iShares Select Dividend ETF during the first quarter worth $35,000. First Pacific Financial bought a new position in shares of iShares Select Dividend ETF during the first quarter worth $40,000. Finally, IAG Wealth Partners LLC bought a new position in shares of iShares Select Dividend ETF during the first quarter worth $54,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $141.91 on Thursday. The firm has a fifty day moving average price of $139.99 and a 200 day moving average price of $134.18. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This represents a $4.99 annualized dividend and a yield of 3.5%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th.

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.