AMG National Trust Bank Has $47.53 Million Stock Holdings in iShares Select Dividend ETF $DVY

AMG National Trust Bank lifted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 313,946 shares of the company’s stock after buying an additional 8,806 shares during the period. iShares Select Dividend ETF comprises about 1.0% of AMG National Trust Bank’s portfolio, making the stock its 23rd biggest holding. AMG National Trust Bank’s holdings in iShares Select Dividend ETF were worth $47,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after purchasing an additional 6,044,290 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in shares of iShares Select Dividend ETF by 745.9% in the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after acquiring an additional 445,910 shares in the last quarter. Fifth Third Bancorp lifted its stake in iShares Select Dividend ETF by 178.6% in the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after buying an additional 413,908 shares during the period. Align Financial LLC acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at about $39,639,000. Finally, Bank of America Corp DE increased its holdings in shares of iShares Select Dividend ETF by 3.3% during the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after acquiring an additional 256,434 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $160.49 on Tuesday. The firm has a market capitalization of $23.55 billion, a P/E ratio of 13.69 and a beta of 0.66. The stock has a 50 day moving average price of $155.38 and a two-hundred day moving average price of $152.38. iShares Select Dividend ETF has a 52 week low of $132.83 and a 52 week high of $161.49.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.2472 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a yield of 3.1%.

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.