US Bancorp DE Sells 34,671 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

US Bancorp DE trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,125,515 shares of the company’s stock after selling 34,671 shares during the quarter. US Bancorp DE’s holdings in iShares Select Dividend ETF were worth $147,769,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Miller Howard Investments Inc. NY increased its position in shares of iShares Select Dividend ETF by 369.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock valued at $65,504,000 after acquiring an additional 392,667 shares during the last quarter. Private Advisor Group LLC increased its position in shares of iShares Select Dividend ETF by 94.0% in the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock valued at $50,416,000 after acquiring an additional 186,055 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in shares of iShares Select Dividend ETF by 1,439.1% in the fourth quarter. Gilman Hill Asset Management LLC now owns 161,377 shares of the company’s stock valued at $21,187,000 after acquiring an additional 150,892 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares Select Dividend ETF by 4.6% in the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after acquiring an additional 64,620 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of iShares Select Dividend ETF by 3.9% in the fourth quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock valued at $156,902,000 after acquiring an additional 44,508 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $138.10 on Friday. The stock’s 50-day simple moving average is $134.00 and its 200 day simple moving average is $134.82. The company has a market cap of $20.53 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.