First Citizens Bank & Trust Co. Decreases Stock Position in iShares Select Dividend ETF $DVY

First Citizens Bank & Trust Co. trimmed its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 36.6% in the 1st quarter, HoldingsChannel reports. The firm owned 14,984 shares of the company’s stock after selling 8,634 shares during the period. First Citizens Bank & Trust Co.’s holdings in iShares Select Dividend ETF were worth $2,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares 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 purchasing an additional 1,524 shares in the last quarter. AQR Capital Management LLC grew its position in shares of iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after buying an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the second quarter worth about $34,000. NewEdge Advisors LLC increased its stake in shares of 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 buying an additional 326 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of iShares Select Dividend ETF by 52.8% during the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after buying an additional 8,479 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.7%

Shares of NASDAQ:DVY opened at $162.06 on Thursday. The firm’s 50 day moving average price is $156.52 and its 200 day moving average price is $153.31. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a fifty-two week low of $132.83 and a fifty-two week high of $164.73.

iShares Select Dividend ETF Increases Dividend

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

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.