Bank of New York Mellon Corp Decreases Stake in iShares Select Dividend ETF $DVY

Bank of New York Mellon Corp cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,672,304 shares of the company’s stock after selling 154,900 shares during the period. Bank of New York Mellon Corp owned approximately 1.14% of iShares Select Dividend ETF worth $237,634,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in iShares Select Dividend ETF by 14.3% during the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after acquiring an additional 1,524 shares during the period. AQR Capital Management LLC raised its holdings in shares of iShares Select Dividend ETF by 44.7% during 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 during the last quarter. Pure Financial Advisors LLC bought a new position in iShares Select Dividend ETF during the second quarter valued at approximately $247,000. Parsons Capital Management Inc. RI lifted its position in iShares Select Dividend ETF by 8.0% during the second quarter. Parsons Capital Management Inc. RI now owns 3,387 shares of the company’s stock valued at $450,000 after purchasing an additional 250 shares during the period. Finally, Naples Global Advisors LLC purchased a new stake in iShares Select Dividend ETF in the second quarter worth approximately $664,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 0.2%

NASDAQ:DVY opened at $150.46 on Friday. The company has a market cap of $22.00 billion, a PE ratio of 13.69 and a beta of 0.77. The company has a 50 day simple moving average of $144.24 and a two-hundred day simple moving average of $141.20. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $151.92.

iShares Select Dividend ETF Increases Dividend

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

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.