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

Fifth Third Bancorp reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,981 shares of the company’s stock after selling 13,650 shares during the period. Fifth Third Bancorp owned 0.17% of iShares Select Dividend ETF worth $36,091,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. First Horizon Corp acquired a new stake in iShares Select Dividend ETF in the third quarter worth about $1,585,000. Flow Traders U.S. LLC bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth about $1,405,000. Park Avenue Securities LLC bought a new stake in shares of iShares Select Dividend ETF during the 3rd quarter worth about $1,595,000. FAS Wealth Partners Inc. lifted its stake in shares of iShares Select Dividend ETF by 12.5% in the 3rd quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock worth $4,449,000 after acquiring an additional 3,467 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of iShares Select Dividend ETF by 14.7% in the second quarter. Allworth Financial LP now owns 27,513 shares of the company’s stock valued at $3,654,000 after acquiring an additional 3,519 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $157.93 on Tuesday. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $158.82. The stock has a market cap of $23.03 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The stock’s 50 day moving average price is $147.13 and its 200 day moving average price is $142.74.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.6162 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

iShares Select Dividend ETF Company 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.