Eastern Bank Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Eastern Bank reduced its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,261 shares of the company’s stock after selling 327 shares during the period. Eastern Bank’s holdings in iShares Select Dividend ETF were worth $975,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DVY. Cornerstone Advisory LLC grew its holdings in iShares Select Dividend ETF by 3.1% in the 4th quarter. Cornerstone Advisory LLC now owns 2,516 shares of the company’s stock valued at $341,000 after buying an additional 76 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in iShares Select Dividend ETF by 0.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 11,978 shares of the company’s stock valued at $1,573,000 after buying an additional 83 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its holdings in iShares Select Dividend ETF by 0.3% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 32,178 shares of the company’s stock valued at $4,318,000 after buying an additional 84 shares in the last quarter. Denver Wealth Management Inc. grew its holdings in iShares Select Dividend ETF by 4.2% in the 1st quarter. Denver Wealth Management Inc. now owns 2,086 shares of the company’s stock valued at $280,000 after buying an additional 85 shares in the last quarter. Finally, Fidelity D & D Bancorp Inc. grew its holdings in iShares Select Dividend ETF by 5.7% in the 1st quarter. Fidelity D & D Bancorp Inc. now owns 1,729 shares of the company’s stock valued at $232,000 after buying an additional 93 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 1.0%

Shares of NASDAQ:DVY opened at $135.66 on Thursday. The business has a fifty day moving average of $133.40 and a two-hundred day moving average of $132.32. The stock has a market cap of $19.91 billion, a P/E ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were given a $1.2333 dividend. This represents a $4.93 annualized dividend and a yield of 3.64%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, June 16th.

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.