US Bancorp DE Trims Stock Holdings in iShares Select Dividend ETF $DVY

US Bancorp DE decreased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,111,508 shares of the company’s stock after selling 18,634 shares during the period. US Bancorp DE’s holdings in iShares Select Dividend ETF were worth $156,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $153.01 on Thursday. The stock has a 50-day simple moving average of $152.26 and a two-hundred day simple moving average of $147.22. The firm has a market capitalization of $22.52 billion, a P/E ratio of 13.69 and a beta of 0.71. iShares Select Dividend ETF has a fifty-two week low of $126.22 and a fifty-two week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

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

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.