iShares Select Dividend ETF $DVY Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown lessened its position in iShares Select Dividend ETF (NASDAQ:DVY) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,561 shares of the company’s stock after selling 8,607 shares during the period. iShares Select Dividend ETF makes up about 4.7% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 4th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in iShares Select Dividend ETF were worth $22,982,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after buying an additional 224,125 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares during the period. Wells Fargo & Company MN raised its stake in iShares Select Dividend ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after buying an additional 69,658 shares during the period. Royal Bank of Canada lifted its holdings in iShares Select Dividend ETF by 3.9% during the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after acquiring an additional 114,490 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in iShares Select Dividend ETF by 3.8% during the fourth quarter. LPL Financial LLC now owns 1,789,466 shares of the company’s stock worth $252,565,000 after acquiring an additional 65,691 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $165.50 on Monday. iShares Select Dividend ETF has a 1 year low of $137.16 and a 1 year high of $166.79. The stock has a 50-day moving average price of $159.47 and a two-hundred day moving average price of $155.30. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $1.2472 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend 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.