iShares Select Dividend ETF (NASDAQ:DVY) Shares Purchased by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA raised its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 26,985 shares of the company’s stock after acquiring an additional 482 shares during the period. iShares Select Dividend ETF makes up 0.8% of First Commonwealth Financial Corp PA’s investment portfolio, making the stock its 17th largest position. First Commonwealth Financial Corp PA’s holdings in iShares Select Dividend ETF were worth $3,543,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in DVY. JPMorgan Chase & Co. grew its holdings in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of iShares Select Dividend ETF by 588.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock valued at $37,869,000 after buying an additional 246,540 shares during the period. ORG Partners LLC grew its stake in shares of iShares Select Dividend ETF by 331.9% during the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after buying an additional 375 shares during the period. LPL Financial LLC increased its holdings in shares of iShares Select Dividend ETF by 8.9% during the 4th quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock worth $209,591,000 after buying an additional 130,573 shares during the last quarter. Finally, Accredited Investors Inc. raised its position in shares of iShares Select Dividend ETF by 37.3% in the 4th quarter. Accredited Investors Inc. now owns 3,141 shares of the company’s stock worth $412,000 after buying an additional 853 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 1.1 %

DVY stock opened at $124.47 on Thursday. The company has a market cap of $18.48 billion, a PE ratio of 14.65 and a beta of 0.87. The stock has a 50-day moving average price of $131.97 and a two-hundred day moving average price of $134.21. iShares Select Dividend ETF has a 12-month low of $115.61 and a 12-month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a $1.0495 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

iShares Select Dividend ETF 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.