Union Savings Bank Lowers Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Union Savings Bank reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 14,796 shares of the company’s stock after selling 757 shares during the quarter. iShares Select Dividend ETF comprises approximately 0.9% of Union Savings Bank’s holdings, making the stock its 18th biggest position. Union Savings Bank’s holdings in iShares Select Dividend ETF were worth $1,790,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services LLC increased its holdings in iShares Select Dividend ETF by 2.1% in the second quarter. Commonwealth Equity Services LLC now owns 649,767 shares of the company’s stock valued at $78,609,000 after buying an additional 13,366 shares in the last quarter. Jane Street Group LLC raised its holdings in iShares Select Dividend ETF by 1,872.8% in the 1st quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock worth $76,060,000 after purchasing an additional 586,170 shares during the period. Stifel Financial Corp boosted its position in iShares Select Dividend ETF by 20.0% during the fourth quarter. Stifel Financial Corp now owns 321,861 shares of the company’s stock worth $37,729,000 after purchasing an additional 53,718 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of iShares Select Dividend ETF by 400.3% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 315,140 shares of the company’s stock worth $38,126,000 after buying an additional 252,150 shares during the period. Finally, AMG National Trust Bank grew its stake in iShares Select Dividend ETF by 5.3% in the 2nd quarter. AMG National Trust Bank now owns 294,707 shares of the company’s stock valued at $35,654,000 after acquiring an additional 14,816 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $134.07 on Monday. The company has a fifty day moving average of $126.47 and a two-hundred day moving average of $122.56. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $134.13. The stock has a market capitalization of $19.93 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a $0.9304 dividend. This represents a $3.72 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, June 11th.

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.