Fifth Third Bancorp Decreases Stake in iShares Select Dividend ETF $DVY

Fifth Third Bancorp reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 231,776 shares of the company’s stock after selling 22,205 shares during the period. Fifth Third Bancorp’s holdings in iShares Select Dividend ETF were worth $32,713,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DVY. Miller Howard Investments Inc. NY boosted its position in shares of iShares Select Dividend ETF by 745.9% during the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after purchasing an additional 445,910 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after buying an additional 256,434 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of iShares Select Dividend ETF by 526.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after buying an additional 152,417 shares in the last quarter. UBS Group AG boosted its position in shares of iShares Select Dividend ETF by 10.0% in the 3rd quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock worth $164,130,000 after buying an additional 104,866 shares in the last quarter. Finally, Greenberg Financial Group purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth about $9,049,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.5%

iShares Select Dividend ETF stock opened at $154.63 on Friday. iShares Select Dividend ETF has a 52 week low of $128.34 and a 52 week high of $160.38. The firm’s 50-day simple moving average is $152.24 and its 200 day simple moving average is $147.28. The firm has a market capitalization of $22.75 billion, a PE ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

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

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.