iShares Select Dividend ETF $DVY Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. trimmed its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 113,159 shares of the company’s stock after selling 1,008 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares Select Dividend ETF were worth $15,029,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. boosted its stake in iShares Select Dividend ETF by 7.2% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 18,689 shares of the company’s stock worth $2,482,000 after buying an additional 1,258 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in shares of iShares Select Dividend ETF by 8.5% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 2,392 shares of the company’s stock worth $318,000 after purchasing an additional 188 shares during the period. CMG Global Holdings LLC raised its holdings in shares of iShares Select Dividend ETF by 21.9% in the 2nd quarter. CMG Global Holdings LLC now owns 22,106 shares of the company’s stock worth $3,023,000 after purchasing an additional 3,973 shares during the period. West Tower Group LLC purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth about $1,727,000. Finally, Northeast Investment Management raised its holdings in shares of iShares Select Dividend ETF by 6.2% in the 2nd quarter. Northeast Investment Management now owns 2,174 shares of the company’s stock worth $289,000 after purchasing an additional 127 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $141.34 on Wednesday. The stock’s 50-day moving average is $140.85 and its 200-day moving average is $134.71. The company has a market cap of $20.72 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were issued a $1.2465 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. 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%.

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.