iShares Select Dividend ETF $DVY Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 662,481 shares of the company’s stock after acquiring an additional 3,540 shares during the period. Fifth Third Bancorp owned about 0.45% of iShares Select Dividend ETF worth $100,743,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Team Financial Group LLC bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter worth $27,000. Main Street Group LTD bought a new position in shares of iShares Select Dividend ETF during the first quarter valued at about $33,000. Three Bridge Wealth Advisors LLC bought a new position in shares of iShares Select Dividend ETF during the third quarter valued at about $36,000. Edgemoor Investment Advisors Inc. purchased a new position in iShares Select Dividend ETF during the third quarter worth about $45,000. Finally, Horizons Wealth Management purchased a new position in iShares Select Dividend ETF during the third quarter worth about $55,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $163.21 on Thursday. iShares Select Dividend ETF has a 52-week low of $137.23 and a 52-week high of $167.06. The company has a 50-day simple moving average of $158.89 and a two-hundred day simple moving average of $156.69. The company has a market capitalization of $23.79 billion, a price-to-earnings ratio of 14.18 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a $1.3291 dividend. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 15th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472.

iShares Select Dividend ETF 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. Index, a broad-based index representative of the total market for the United States equity securities.