American Trust Invests $278,000 in iShares Select Dividend ETF (NASDAQ:DVY)

American Trust acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,590 shares of the company’s stock, valued at approximately $278,000.

A number of other hedge funds have also recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in shares of iShares Select Dividend ETF by 8.4% in the second quarter. Wells Fargo & Company MN now owns 6,282,152 shares of the company’s stock worth $739,221,000 after buying an additional 484,517 shares during the period. Northern Trust Corp increased its stake in shares of iShares Select Dividend ETF by 10.1% in the second quarter. Northern Trust Corp now owns 3,201,571 shares of the company’s stock worth $376,728,000 after buying an additional 293,865 shares during the period. Bank of New York Mellon Corp increased its stake in shares of iShares Select Dividend ETF by 13.7% in the third quarter. Bank of New York Mellon Corp now owns 2,953,975 shares of the company’s stock worth $316,725,000 after buying an additional 354,839 shares during the period. Truist Financial Corp increased its stake in shares of iShares Select Dividend ETF by 5.9% in the third quarter. Truist Financial Corp now owns 2,480,181 shares of the company’s stock worth $265,925,000 after buying an additional 138,877 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of iShares Select Dividend ETF by 7.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,324,370 shares of the company’s stock worth $249,219,000 after buying an additional 155,937 shares during the period. 43.99% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Down 1.9 %

Shares of NASDAQ DVY opened at $112.48 on Friday. iShares Select Dividend ETF has a 52 week low of $105.59 and a 52 week high of $133.33. The firm’s fifty day moving average is $122.38 and its 200 day moving average is $119.75. The company has a market cap of $21.25 billion, a price-to-earnings ratio of 11.69 and a beta of 0.88.

About iShares Select Dividend ETF

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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.