US Bancorp DE Reduces Stock Holdings in iShares Select Dividend ETF $DVY

US Bancorp DE lessened its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,130,142 shares of the company’s stock after selling 7,764 shares during the period. US Bancorp DE owned 0.77% of iShares Select Dividend ETF worth $160,593,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DVY. Brighton Jones LLC increased its stake in shares of iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares in the last quarter. AQR Capital Management LLC grew its stake in iShares Select Dividend ETF by 44.7% in the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of iShares Select Dividend ETF by 16.9% in the second quarter. Wealthfront Advisers LLC now owns 21,665 shares of the company’s stock worth $2,877,000 after acquiring an additional 3,133 shares during the period. Bessemer Group Inc. grew its position in shares of iShares Select Dividend ETF by 162.0% in the second quarter. Bessemer Group Inc. now owns 33,797 shares of the company’s stock valued at $4,489,000 after purchasing an additional 20,898 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of iShares Select Dividend ETF by 191.5% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 5,451 shares of the company’s stock valued at $724,000 after purchasing an additional 3,581 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $156.15 on Thursday. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $160.38. The stock’s 50-day simple moving average is $148.97 and its 200 day simple moving average is $143.71. The stock has a market capitalization of $22.77 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

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

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.