M&T Bank Corp Increases Stock Position in iShares Select Dividend ETF $DVY

M&T Bank Corp boosted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 245,576 shares of the company’s stock after buying an additional 7,927 shares during the period. M&T Bank Corp’s holdings in iShares Select Dividend ETF were worth $34,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Elevated Capital Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at $26,000. Ransom Advisory Ltd purchased a new position in iShares Select Dividend ETF in the 4th quarter worth about $27,000. Allspring Global Investments Holdings LLC raised its position in iShares Select Dividend ETF by 242.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock worth $36,000 after buying an additional 182 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF during the 2nd quarter valued at about $34,000. Finally, Clean Yield Group purchased a new stake in shares of iShares Select Dividend ETF during the 3rd quarter valued at about $37,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.7%

Shares of DVY stock opened at $153.59 on Tuesday. The company has a 50 day moving average price of $152.24 and a 200-day moving average price of $147.37. iShares Select Dividend ETF has a 52 week low of $128.34 and a 52 week high of $160.38. The firm has a market capitalization of $22.59 billion, a PE ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a $1.1493 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.