US Bancorp DE Lowers Position in iShares Select Dividend ETF (NASDAQ:DVY)

US Bancorp DE decreased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,362,056 shares of the company’s stock after selling 56,924 shares during the quarter. US Bancorp DE owned 0.86% of iShares Select Dividend ETF worth $159,660,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp increased its position in shares of iShares Select Dividend ETF by 3.0% during the 3rd quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock valued at $370,994,000 after purchasing an additional 101,996 shares during the last quarter. Royal Bank of Canada raised its stake in shares of iShares Select Dividend ETF by 2.6% during the third quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock worth $277,635,000 after acquiring an additional 64,326 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of iShares Select Dividend ETF by 12,638.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after acquiring an additional 2,388,510 shares during the last quarter. Truist Financial Corp boosted its stake in shares of iShares Select Dividend ETF by 5.9% in the 4th quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock valued at $176,469,000 after purchasing an additional 84,251 shares in the last quarter. Finally, Comerica Bank bought a new position in shares of iShares Select Dividend ETF during the 3rd quarter valued at $61,160,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock traded down $2.03 during mid-day trading on Thursday, hitting $122.44. The company’s stock had a trading volume of 247,455 shares, compared to its average volume of 539,537. The business has a 50 day moving average price of $121.21 and a 200-day moving average price of $117.06. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $125.99. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, March 21st.

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.