First Nebraska Trust Co Buys New Shares in iShares Select Dividend ETF $DVY

First Nebraska Trust Co bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the first quarter, Holdings Channel.com reports. The firm bought 12,020 shares of the company’s stock, valued at approximately $1,820,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after purchasing an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after purchasing an additional 445,910 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of iShares Select Dividend ETF by 178.6% in the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after purchasing an additional 413,908 shares during the last quarter. Align Financial LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $39,639,000. Finally, Morgan Stanley lifted its holdings in shares of iShares Select Dividend ETF by 3.6% during the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.4%

Shares of NASDAQ DVY opened at $161.21 on Friday. iShares Select Dividend ETF has a 52 week low of $132.83 and a 52 week high of $166.79. The firm has a market cap of $23.48 billion, a P/E ratio of 13.69 and a beta of 0.66. The business’s 50 day moving average price is $157.88 and its 200 day moving average price is $154.17.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%.

About iShares Select Dividend ETF

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.