iShares Select Dividend ETF $DVY is First United Bank & Trust’s 6th Largest Position

First United Bank & Trust lessened its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,519 shares of the company’s stock after selling 1,555 shares during the period. iShares Select Dividend ETF comprises 2.8% of First United Bank & Trust’s investment portfolio, making the stock its 6th biggest holding. First United Bank & Trust’s holdings in iShares Select Dividend ETF were worth $7,905,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new position in shares of iShares Select Dividend ETF during the first quarter worth $30,000. IMA Advisory Services Inc. purchased a new stake in iShares Select Dividend ETF during the 1st quarter worth about $34,000. Cypress Capital Management LLC WY purchased a new stake in iShares Select Dividend ETF during the 1st quarter worth about $35,000. First Pacific Financial acquired a new position in shares of iShares Select Dividend ETF during the 1st quarter worth about $40,000. Finally, Roxbury Financial LLC increased its holdings in shares of iShares Select Dividend ETF by 39.5% in the 1st quarter. Roxbury Financial LLC now owns 367 shares of the company’s stock valued at $51,000 after acquiring an additional 104 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.0%

DVY stock opened at $141.42 on Tuesday. The business has a 50 day moving average price of $139.28 and a 200 day moving average price of $133.76. The stock has a market cap of $20.73 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a $1.2465 dividend. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Tuesday, September 16th.

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.