Trust Co. of Vermont Purchases New Position in iShares Select Dividend ETF $DVY

Trust Co. of Vermont acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,416 shares of the company’s stock, valued at approximately $1,003,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DVY. Brighton Jones LLC raised its position in iShares Select Dividend ETF by 14.3% in the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after buying an additional 1,524 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of iShares Select Dividend ETF by 44.7% in the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after purchasing an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF during the second quarter valued at about $34,000. NewEdge Advisors LLC boosted its holdings in iShares Select Dividend ETF by 0.4% during the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after purchasing an additional 326 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in iShares Select Dividend ETF by 52.8% in the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after purchasing an additional 8,479 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $165.07 on Wednesday. iShares Select Dividend ETF has a 52 week low of $137.16 and a 52 week high of $166.79. The firm has a 50-day moving average price of $159.86 and a two-hundred day moving average price of $155.51. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.2472 per share. The ex-dividend date of this dividend 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 3.0%.

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.