Cullen Frost Bankers Inc. Has $17.03 Million Position in iShares Select Dividend ETF $DVY

Cullen Frost Bankers Inc. lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120,639 shares of the company’s stock after acquiring an additional 9,252 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares Select Dividend ETF were worth $17,027,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DVY. Brighton Jones LLC raised its holdings 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 acquiring an additional 1,524 shares during the period. AQR Capital Management LLC increased its stake 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 purchasing an additional 3,918 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF during the second quarter worth approximately $34,000. NewEdge Advisors LLC lifted its holdings in iShares Select Dividend ETF by 0.4% during the 2nd 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 lifted its holdings in iShares Select Dividend ETF by 52.8% during 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 during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $153.27 on Thursday. The stock has a fifty day moving average of $151.70 and a 200-day moving average of $148.36. The company has a market capitalization of $22.55 billion, a P/E ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a fifty-two week low of $128.96 and a fifty-two week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $1.1493 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.