Fifth Third Wealth Advisors LLC Sells 9,882 Shares of iShares Select Dividend ETF $DVY

Fifth Third Wealth Advisors LLC lessened its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 6.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 137,997 shares of the company’s stock after selling 9,882 shares during the quarter. iShares Select Dividend ETF accounts for approximately 0.7% of Fifth Third Wealth Advisors LLC’s portfolio, making the stock its 24th largest position. Fifth Third Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $20,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after buying an additional 256,434 shares during the last quarter. Morgan Stanley raised its stake in iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after acquiring an additional 224,125 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after purchasing an additional 6,044,290 shares during the last quarter. Wells Fargo & Company MN boosted its position in iShares Select Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after purchasing an additional 69,658 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of iShares Select Dividend ETF by 3.9% in the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock valued at $433,832,000 after purchasing an additional 114,490 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $155.87 on Thursday. The company’s 50-day moving average is $153.95 and its 200-day moving average is $150.93. The firm has a market capitalization of $22.93 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a fifty-two week low of $130.63 and a fifty-two week high of $160.38.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $1.2472 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.99 annualized dividend and a yield of 3.2%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.