Bank of New York Mellon Corp Trims Stock Position in iShares Select Dividend ETF $DVY

Bank of New York Mellon Corp decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,672,304 shares of the company’s stock after selling 154,900 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Select Dividend ETF were worth $237,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Parvin Asset Management LLC bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter valued at $27,000. Financial Gravity Companies Inc. purchased a new position in iShares Select Dividend ETF during the second quarter valued at $29,000. Total Investment Management Inc. purchased a new position in iShares Select Dividend ETF during the second quarter valued at $29,000. Kilter Group LLC bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $31,000. Finally, Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF in the second quarter worth about $34,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.2%

NASDAQ DVY opened at $150.46 on Friday. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $151.92. The company has a market capitalization of $22.00 billion, a P/E ratio of 13.69 and a beta of 0.77. The stock’s 50-day moving average price is $144.24 and its 200-day moving average price is $141.20.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.6162 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, December 16th.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.