AMG National Trust Bank Has $43.53 Million Stake in iShares Select Dividend ETF $DVY

AMG National Trust Bank boosted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,318 shares of the company’s stock after acquiring an additional 6,998 shares during the quarter. iShares Select Dividend ETF accounts for 1.1% of AMG National Trust Bank’s portfolio, making the stock its 24th largest position. AMG National Trust Bank owned about 0.21% of iShares Select Dividend ETF worth $43,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DVY. Parvin Asset Management LLC acquired a new position in iShares Select Dividend ETF in the second quarter valued at about $27,000. Financial Gravity Companies Inc. acquired a new stake in shares of iShares Select Dividend ETF during the second quarter worth approximately $29,000. Total Investment Management Inc. bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at approximately $29,000. Kilter Group LLC bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at approximately $31,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $156.81 on Friday. The stock’s 50 day simple moving average is $148.20 and its 200 day simple moving average is $143.24. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $160.38. The firm has a market cap of $22.87 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

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

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.