US Bancorp DE Cuts Stock Holdings in iShares Select Dividend ETF $DVY

US Bancorp DE reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 0.7% during the third quarter, HoldingsChannel reports. The firm owned 1,130,142 shares of the company’s stock after selling 7,764 shares during the period. US Bancorp DE’s holdings in iShares Select Dividend ETF were worth $160,593,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC raised its position in shares of iShares Select Dividend ETF by 13,158.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock valued at $252,022,000 after buying an additional 1,883,298 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in iShares Select Dividend ETF by 526.0% in the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after acquiring an additional 152,417 shares in the last quarter. MML Investors Services LLC increased its stake in iShares Select Dividend ETF by 157.2% in the second quarter. MML Investors Services LLC now owns 86,631 shares of the company’s stock valued at $11,505,000 after acquiring an additional 52,952 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 valued at $202,494,000 after purchasing an additional 51,089 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in iShares Select Dividend ETF by 16.3% during the second quarter. Osaic Holdings Inc. now owns 352,044 shares of the company’s stock valued at $46,831,000 after purchasing an additional 49,367 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.4%

Shares of DVY stock opened at $156.15 on Thursday. The business has a 50-day moving average price of $148.97 and a two-hundred day moving average price of $143.71. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $160.38. The firm has a market cap of $22.77 billion, a P/E ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $1.6162 per share. The ex-dividend date was Tuesday, December 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a yield of 4.1%.

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.