Stock Yards Bank & Trust Co. Buys 12,596 Shares of iShares Select Dividend ETF $DVY

Stock Yards Bank & Trust Co. raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 75.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,209 shares of the company’s stock after buying an additional 12,596 shares during the period. Stock Yards Bank & Trust Co.’s holdings in iShares Select Dividend ETF were worth $4,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DVY. Caitlin John LLC bought a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $26,000. Ransom Advisory Ltd bought a new stake in iShares Select Dividend ETF during the 4th quarter worth $27,000. Miller Capital Partners Inc. bought a new stake in iShares Select Dividend ETF during the 4th quarter worth $30,000. Finally, Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF in the 2nd quarter worth about $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.4%

iShares Select Dividend ETF stock opened at $157.00 on Thursday. The company has a market capitalization of $23.09 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $160.38. The stock has a 50-day moving average price of $154.41 and a two-hundred day moving average price of $151.45.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $1.2472 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, June 15th.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.