First National Bank & Trust Co. of Newtown Reduces Holdings in iShares Select Dividend ETF $DVY

First National Bank & Trust Co. of Newtown reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 11.3% in the first quarter, Holdings Channel reports. The institutional investor owned 151,168 shares of the company’s stock after selling 19,223 shares during the period. iShares Select Dividend ETF makes up 4.9% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 4th largest holding. First National Bank & Trust Co. of Newtown’s holdings in iShares Select Dividend ETF were worth $22,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Advisory Services Network LLC lifted its stake in iShares Select Dividend ETF by 11.8% during the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock valued at $18,287,000 after acquiring an additional 13,536 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in iShares Select Dividend ETF by 40.1% during the 4th quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock worth $2,221,000 after acquiring an additional 4,507 shares during the last quarter. Greenwood Capital Associates LLC grew its stake in shares of iShares Select Dividend ETF by 187.8% in the 4th quarter. Greenwood Capital Associates LLC now owns 21,787 shares of the company’s stock worth $3,075,000 after acquiring an additional 14,217 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of iShares Select Dividend ETF by 7.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 57,419 shares of the company’s stock worth $8,104,000 after acquiring an additional 4,008 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of iShares Select Dividend ETF in the third quarter valued at about $8,718,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

DVY opened at $158.11 on Friday. iShares Select Dividend ETF has a fifty-two week low of $132.83 and a fifty-two week high of $161.01. The firm has a market capitalization of $23.19 billion, a P/E ratio of 13.69 and a beta of 0.66. The company’s 50-day moving average is $155.15 and its 200 day moving average is $152.13.

iShares Select Dividend ETF Increases Dividend

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

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.