iShares Select Dividend ETF $DVY Stake Increased by First United Bank & Trust

First United Bank & Trust lifted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 15.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 75,016 shares of the company’s stock after acquiring an additional 9,935 shares during the period. iShares Select Dividend ETF makes up 3.7% of First United Bank & Trust’s investment portfolio, making the stock its 3rd biggest position. First United Bank & Trust’s holdings in iShares Select Dividend ETF were worth $11,358,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Caitlin John LLC purchased a new stake in iShares Select Dividend ETF during the fourth quarter valued at about $25,000. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $26,000. Ransom Advisory Ltd bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $27,000. Miller Capital Partners Inc. purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $30,000. Finally, Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF in the 2nd quarter worth approximately $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $158.16 on Friday. iShares Select Dividend ETF has a one year low of $131.48 and a one year high of $160.38. The firm’s 50 day simple moving average is $154.17 and its two-hundred day simple moving average is $151.08. The stock has a market capitalization of $23.27 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued 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 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.