Union Savings Bank Makes New $1.72 Million Investment in iShares Select Dividend ETF $DVY

Union Savings Bank acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,178 shares of the company’s stock, valued at approximately $1,719,000. iShares Select Dividend ETF comprises 0.7% of Union Savings Bank’s holdings, making the stock its 24th biggest position.

Several other large investors have also modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after acquiring an additional 256,434 shares during the period. Morgan Stanley raised its position in iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after purchasing an additional 224,125 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 worth $901,247,000 after purchasing an additional 6,044,290 shares during the period. Wells Fargo & Company MN boosted its stake in iShares Select Dividend ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after purchasing an additional 69,658 shares during the period. Finally, Royal Bank of Canada grew its position in iShares Select Dividend ETF by 3.9% during the 4th quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after purchasing an additional 114,490 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $153.30 on Friday. The company has a market capitalization of $22.55 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 1 year low of $129.94 and a 1 year high of $160.38. The company’s fifty day moving average is $153.80 and its two-hundred day moving average is $150.58.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a dividend yield of 3.3%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th.

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.