Montecito Bank & Trust Makes New $793,000 Investment in iShares Select Dividend ETF $DVY

Montecito Bank & Trust purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,582 shares of the company’s stock, valued at approximately $793,000.

A number of other large investors have also made changes to their positions in DVY. Laurel Wealth Advisors LLC lifted its holdings in iShares Select Dividend ETF by 13,158.9% during the second quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock worth $252,022,000 after acquiring an additional 1,883,298 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares Select Dividend ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock worth $214,086,000 after purchasing an additional 57,961 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares Select Dividend ETF by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 1,524,690 shares of the company’s stock worth $202,494,000 after purchasing an additional 51,089 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $178,925,000. Finally, Truist Financial Corp grew its position in shares of iShares Select Dividend ETF by 1.4% in the 2nd quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock valued at $154,820,000 after purchasing an additional 15,783 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $142.24 on Friday. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The business has a 50 day simple moving average of $141.02 and a 200 day simple moving average of $138.51. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $145.03.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th will be given a dividend of $1.6162 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, December 16th.

About iShares Select Dividend ETF

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.