iShares Select Dividend ETF $DVY Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,553,910 shares of the company’s stock after selling 116,760 shares during the quarter. PNC Financial Services Group Inc. owned 2.44% of iShares Select Dividend ETF worth $501,599,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after acquiring an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY grew its position in shares of iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after purchasing an additional 445,910 shares during the last quarter. Bank of America Corp DE increased its stake in shares of iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after purchasing an additional 256,434 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of iShares Select Dividend ETF by 526.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after purchasing an additional 152,417 shares during the last quarter. Finally, UBS Group AG lifted its stake in iShares Select Dividend ETF by 10.0% in the 3rd quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock valued at $164,130,000 after buying an additional 104,866 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.1%

NASDAQ DVY opened at $152.70 on Wednesday. iShares Select Dividend ETF has a fifty-two week low of $128.96 and a fifty-two week high of $160.38. The business has a fifty day moving average of $151.67 and a 200-day moving average of $148.26. The stock has a market cap of $22.46 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $1.1493 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 annualized dividend and a dividend 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.