iShares Select Dividend ETF $DVY Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,135,305 shares of the company’s stock after selling 7,463 shares during the period. Truist Financial Corp owned approximately 0.78% of iShares Select Dividend ETF worth $160,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new stake in iShares Select Dividend ETF during the fourth quarter valued at approximately $26,000. Ransom Advisory Ltd purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $27,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $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 valued at $36,000 after acquiring an additional 182 shares in the last quarter. Finally, Clean Yield Group purchased a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at approximately $37,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $154.63 on Monday. The company has a market cap of $22.75 billion, a PE ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 52 week low of $128.34 and a 52 week high of $160.38. The firm has a 50 day simple moving average of $152.24 and a 200 day simple moving average of $147.37.

iShares Select Dividend ETF Cuts Dividend

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

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.