iShares Select Dividend ETF $DVY Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.5% during the third quarter, HoldingsChannel reports. The firm owned 662,481 shares of the company’s stock after purchasing an additional 3,540 shares during the quarter. Fifth Third Bancorp’s holdings in iShares Select Dividend ETF were worth $100,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BIP Wealth LLC increased its stake in shares of iShares Select Dividend ETF by 105.7% during the 2nd quarter. BIP Wealth LLC now owns 8,735 shares of the company’s stock worth $1,365,000 after purchasing an additional 4,488 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares Select Dividend ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock valued at $246,334,000 after purchasing an additional 88,825 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its stake in iShares Select Dividend ETF by 93.8% in the third quarter. Robertson Stephens Wealth Management LLC now owns 19,854 shares of the company’s stock valued at $3,019,000 after purchasing an additional 9,607 shares during the last quarter. Independent Financial Group LLC bought a new position in iShares Select Dividend ETF during the first quarter valued at $1,406,000. Finally, bLong Financial LLC bought a new position in iShares Select Dividend ETF during the third quarter valued at $1,183,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $163.21 on Thursday. The business has a fifty day simple moving average of $158.89 and a two-hundred day simple moving average of $156.69. iShares Select Dividend ETF has a 1 year low of $137.23 and a 1 year high of $167.06. The company has a market capitalization of $23.79 billion, a P/E ratio of 14.18 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $1.3291 per share. This represents a $5.32 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472.

iShares Select Dividend ETF 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. Index, a broad-based index representative of the total market for the United States equity securities.