Canandaigua National Bank & Trust Co. Takes Position in iShares Select Dividend ETF $DVY

Canandaigua National Bank & Trust Co. bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, HoldingsChannel reports. The firm bought 17,232 shares of the company’s stock, valued at approximately $2,693,000.

Several other large investors also recently modified their holdings of DVY. Greenwood Capital Associates LLC lifted its stake in iShares Select Dividend ETF by 187.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 21,787 shares of the company’s stock worth $3,075,000 after acquiring an additional 14,217 shares during the period. Sequoia Financial Advisors LLC increased its position in iShares Select Dividend ETF by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 57,419 shares of the company’s stock valued at $8,104,000 after purchasing an additional 4,008 shares during the period. First United Bank & Trust increased its position in iShares Select Dividend ETF by 7.9% during the 4th quarter. First United Bank & Trust now owns 65,081 shares of the company’s stock valued at $9,186,000 after purchasing an additional 4,754 shares during the period. Kelsey Financial LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at $473,000. Finally, Welch Group LLC raised its holdings in iShares Select Dividend ETF by 199.4% in the 4th quarter. Welch Group LLC now owns 13,958 shares of the company’s stock worth $1,970,000 after purchasing an additional 9,296 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Up 0.9%

NASDAQ:DVY opened at $163.20 on Wednesday. The company has a 50-day moving average price of $158.16 and a 200-day moving average price of $154.46. iShares Select Dividend ETF has a 12 month low of $134.72 and a 12 month high of $166.79. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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