WASHINGTON TRUST Co Buys 13,900 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

WASHINGTON TRUST Co increased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3,475.0% during the fourth quarter, HoldingsChannel reports. The firm owned 14,300 shares of the company’s stock after buying an additional 13,900 shares during the period. WASHINGTON TRUST Co’s holdings in iShares Select Dividend ETF were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DVY. CGC Financial Services LLC purchased a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $27,000. Tyler Stone Wealth Management purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at $28,000. Almanack Investment Partners LLC. acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter worth $35,000. Financial Freedom LLC acquired a new stake in iShares Select Dividend ETF during the 4th quarter worth about $45,000. Finally, JNBA Financial Advisors lifted its position in iShares Select Dividend ETF by 26.6% during the 3rd quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after acquiring an additional 94 shares during the period. 47.25% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock traded up $0.75 on Thursday, hitting $123.19. The company’s stock had a trading volume of 282,562 shares, compared to its average volume of 597,270. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $123.27. The firm has a fifty day moving average price of $116.80 and a 200-day moving average price of $113.21. The company has a market capitalization of $19.45 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were given a $0.9976 dividend. The ex-dividend date was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.24%.

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.