OLD National Bancorp IN Has $9 Million Stock Position in iShares Select Dividend ETF $DVY

OLD National Bancorp IN lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,798 shares of the company’s stock after selling 7,318 shares during the period. OLD National Bancorp IN’s holdings in iShares Select Dividend ETF were worth $9,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in shares of iShares Select Dividend ETF by 6.7% during the first quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after purchasing an additional 194,941 shares during the period. LPL Financial LLC raised its holdings in shares of iShares Select Dividend ETF by 1.1% during the first quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after purchasing an additional 16,803 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares Select Dividend ETF during the second quarter valued at about $178,925,000. Raymond James Financial Inc. raised its holdings in shares of iShares Select Dividend ETF by 2.1% during the first quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock valued at $163,204,000 after purchasing an additional 24,643 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of iShares Select Dividend ETF by 1.4% during the second quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock valued at $154,820,000 after purchasing an additional 15,783 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.8%

Shares of NASDAQ DVY opened at $143.11 on Friday. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The firm has a market capitalization of $21.04 billion, a P/E ratio of 13.69 and a beta of 0.87. The firm’s 50-day moving average price is $139.64 and its 200-day moving average price is $134.00.

iShares Select Dividend ETF Increases Dividend

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

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.