Stock Yards Bank & Trust Co. Reduces Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Stock Yards Bank & Trust Co. lowered its position in iShares Select Dividend ETF (NASDAQ:DVY) by 25.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,715 shares of the company’s stock after selling 4,031 shares during the period. Stock Yards Bank & Trust Co.’s holdings in iShares Select Dividend ETF were worth $1,373,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Northern Trust Corp lifted its position in iShares Select Dividend ETF by 3.0% during the third quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock worth $370,994,000 after buying an additional 101,996 shares in the last quarter. Royal Bank of Canada boosted its position in shares of iShares Select Dividend ETF by 2.6% during the 3rd quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock valued at $277,635,000 after acquiring an additional 64,326 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of iShares Select Dividend ETF by 12,638.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after acquiring an additional 2,388,510 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of iShares Select Dividend ETF by 1.2% in the third quarter. Commonwealth Equity Services LLC now owns 641,814 shares of the company’s stock valued at $69,085,000 after purchasing an additional 7,883 shares during the period. Finally, Comerica Bank acquired a new stake in iShares Select Dividend ETF during the third quarter worth about $61,160,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $120.22 on Wednesday. The company’s 50-day moving average is $118.80 and its two-hundred day moving average is $114.66. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $123.43. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were given a $0.9976 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a yield of 3.32%.

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.