Truist Financial Corp Has $162.39 Million Stock Position in iShares Select Dividend ETF $DVY

Truist Financial Corp lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,142,768 shares of the company’s stock after selling 22,954 shares during the quarter. Truist Financial Corp’s holdings in iShares Select Dividend ETF were worth $162,387,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in iShares Select Dividend ETF by 14.3% in the 4th 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 during the period. AQR Capital Management LLC lifted its holdings 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 purchasing an additional 3,918 shares in the last quarter. Signaturefd LLC boosted its position in shares of iShares Select Dividend ETF by 25.6% during the second quarter. Signaturefd LLC now owns 2,235 shares of the company’s stock worth $297,000 after buying an additional 455 shares during the period. HB Wealth Management LLC grew its holdings in shares of iShares Select Dividend ETF by 129.7% during the second quarter. HB Wealth Management LLC now owns 129,405 shares of the company’s stock worth $17,186,000 after buying an additional 73,079 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. grew its holdings in shares of iShares Select Dividend ETF by 2.6% during the second quarter. Sterling Investment Advisors Ltd. now owns 71,166 shares of the company’s stock worth $9,452,000 after buying an additional 1,828 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $149.49 on Wednesday. The firm has a market cap of $21.91 billion, a PE ratio of 13.69 and a beta of 0.77. The business’s 50 day simple moving average is $143.54 and its 200 day simple moving average is $140.98. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $149.76.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $1.6162 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, December 16th.

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.