Deutsche Bank AG Raises Stock Holdings in iShares Select Dividend ETF $DVY

Deutsche Bank AG increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 30.8% during the 2nd quarter, Holdings Channel reports. The firm owned 34,478 shares of the company’s stock after purchasing an additional 8,128 shares during the quarter. Deutsche Bank AG’s holdings in iShares Select Dividend ETF were worth $5,389,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in iShares Select Dividend ETF by 1,771.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of iShares Select Dividend ETF by 178.6% in the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after buying an additional 413,908 shares during the last quarter. Align Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $39,639,000. Morgan Stanley raised its position in shares of iShares Select Dividend ETF by 3.6% during the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after buying an additional 224,125 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of iShares Select Dividend ETF by 236.4% during the 4th quarter. Corient Private Wealth LLC now owns 282,323 shares of the company’s stock worth $39,847,000 after acquiring an additional 198,397 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $164.64 on Tuesday. iShares Select Dividend ETF has a 52-week low of $137.16 and a 52-week high of $167.06. The firm has a fifty day moving average of $160.47 and a 200 day moving average of $155.89. The firm has a market capitalization of $23.98 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a yield of 3.0%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. 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.