Trust Co. of Vermont Purchases 601 Shares of iShares Select Dividend ETF $DVY

Trust Co. of Vermont grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 14.4% in the second quarter, HoldingsChannel.com reports. The fund owned 4,781 shares of the company’s stock after acquiring an additional 601 shares during the period. Trust Co. of Vermont’s holdings in iShares Select Dividend ETF were worth $635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $30,000. IMA Advisory Services Inc. bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $34,000. Cypress Capital Management LLC WY bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $35,000. First Pacific Financial bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $40,000. Finally, IAG Wealth Partners LLC bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $54,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $142.34 on Thursday. The stock has a market cap of $20.87 billion, a PE ratio of 13.69 and a beta of 0.87. The stock has a 50-day moving average of $139.44 and a 200-day moving average of $133.87. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%.

About iShares Select Dividend ETF

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.