OLD National Bancorp IN Acquires 18,553 Shares of iShares Select Dividend ETF $DVY

OLD National Bancorp IN grew its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 27.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 87,167 shares of the company’s stock after acquiring an additional 18,553 shares during the quarter. OLD National Bancorp IN’s holdings in iShares Select Dividend ETF were worth $12,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DVY. Elevated Capital Advisors LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at $26,000. Ransom Advisory Ltd bought a new position in iShares Select Dividend ETF in the 4th quarter worth $27,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth about $34,000. Allspring Global Investments Holdings LLC lifted its position in shares of iShares Select Dividend ETF by 242.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock worth $36,000 after purchasing an additional 182 shares during the period. Finally, Clean Yield Group bought a new stake in shares of iShares Select Dividend ETF during the 3rd quarter valued at about $37,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $151.86 on Thursday. iShares Select Dividend ETF has a 1 year low of $126.22 and a 1 year high of $160.38. The company’s 50-day moving average is $152.69 and its 200 day moving average is $146.81. The stock has a market capitalization of $22.35 billion, a P/E ratio of 13.69 and a beta of 0.71.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $1.1493 per share. This represents a $4.60 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.