iShares Select Dividend ETF $DVY Stock Position Lowered by Truist Financial Corp

Truist Financial Corp lessened its position in iShares Select Dividend ETF (NASDAQ:DVY) by 0.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,135,305 shares of the company’s stock after selling 7,463 shares during the period. Truist Financial Corp’s holdings in iShares Select Dividend ETF were worth $160,237,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Horizon Corp purchased a new stake in iShares Select Dividend ETF in the 3rd quarter worth approximately $1,585,000. Advisory Services Network LLC lifted its position in iShares Select Dividend ETF by 11.8% in the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after buying an additional 13,536 shares in the last quarter. HighTower Advisors LLC lifted its position in iShares Select Dividend ETF by 5.2% in the 3rd quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after buying an additional 16,296 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in iShares Select Dividend ETF in the 3rd quarter worth approximately $1,595,000. Finally, FAS Wealth Partners Inc. lifted its position in iShares Select Dividend ETF by 12.5% in the 3rd quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock worth $4,449,000 after buying an additional 3,467 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock opened at $154.63 on Monday. iShares Select Dividend ETF has a 12-month low of $128.34 and a 12-month high of $160.38. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. The company has a 50 day moving average of $152.24 and a two-hundred day moving average of $147.37.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a $1.1493 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%.

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.