iShares Select Dividend ETF $DVY Shares Bought by First United Bank & Trust

First United Bank & Trust raised its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 7.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,081 shares of the company’s stock after acquiring an additional 4,754 shares during the quarter. iShares Select Dividend ETF accounts for about 2.9% of First United Bank & Trust’s portfolio, making the stock its 6th biggest holding. First United Bank & Trust’s holdings in iShares Select Dividend ETF were worth $9,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ransom Advisory Ltd acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Parvin Asset Management LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $27,000. Total Investment Management Inc. acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $29,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.2%

Shares of NASDAQ DVY opened at $151.94 on Tuesday. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $160.38. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The firm has a 50-day moving average of $152.76 and a two-hundred day moving average of $145.90.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $1.1493 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.