First American Trust FSB Sells 3,751 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

First American Trust FSB reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,254 shares of the company’s stock after selling 3,751 shares during the quarter. First American Trust FSB’s holdings in iShares Select Dividend ETF were worth $5,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DVY. Citigroup Inc. boosted its holdings in shares of iShares Select Dividend ETF by 340.7% in the 1st quarter. Citigroup Inc. now owns 16,028 shares of the company’s stock worth $2,054,000 after purchasing an additional 12,391 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in iShares Select Dividend ETF during the 1st quarter valued at about $2,396,000. First Western Trust Bank purchased a new stake in iShares Select Dividend ETF during the 1st quarter valued at about $1,188,000. Prudential Financial Inc. purchased a new stake in iShares Select Dividend ETF during the 1st quarter valued at about $205,000. Finally, Worth Asset Management LLC purchased a new stake in iShares Select Dividend ETF during the 1st quarter valued at about $177,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

DVY stock traded down $0.75 during trading on Monday, hitting $116.79. 1,557,983 shares of the company traded hands, compared to its average volume of 586,848. The firm has a market capitalization of $17.92 billion, a PE ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $123.43. The company has a 50-day moving average of $118.28 and a 200-day moving average of $114.06.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a dividend of $0.9976 per share. This represents a $3.99 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, March 21st.

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.