Fifth Third Wealth Advisors LLC Sells 9,882 Shares of iShares Select Dividend ETF $DVY

Fifth Third Wealth Advisors LLC lowered its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,997 shares of the company’s stock after selling 9,882 shares during the quarter. iShares Select Dividend ETF accounts for about 0.7% of Fifth Third Wealth Advisors LLC’s portfolio, making the stock its 24th biggest position. Fifth Third Wealth Advisors LLC owned about 0.09% of iShares Select Dividend ETF worth $20,894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after buying an additional 6,044,290 shares in the last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of iShares Select Dividend ETF by 745.9% during the fourth 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 during the period. Align Financial LLC bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $39,639,000. Bank of America Corp DE lifted its position in 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 valued at $1,150,568,000 after acquiring an additional 256,434 shares in the last quarter. Finally, Morgan Stanley boosted its stake in iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.2%

DVY stock opened at $155.87 on Thursday. The stock has a 50-day moving average price of $153.95 and a two-hundred day moving average price of $150.93. iShares Select Dividend ETF has a 1 year low of $130.63 and a 1 year high of $160.38. The stock has a market cap of $22.93 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.99 annualized dividend and a dividend yield of 3.2%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

iShares Select Dividend ETF 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.