Fifth Third Bancorp Has $97.76 Million Stake in iShares Select Dividend ETF $DVY

Fifth Third Bancorp grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 178.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 645,684 shares of the company’s stock after purchasing an additional 413,908 shares during the period. Fifth Third Bancorp’s holdings in iShares Select Dividend ETF were worth $97,763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DVY. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after buying an additional 6,044,290 shares during the period. Miller Howard Investments Inc. NY increased its stake in iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after acquiring an additional 445,910 shares during the period. Align Financial LLC bought a new position in iShares Select Dividend ETF during the fourth quarter valued at about $39,639,000. Bank of America Corp DE raised its holdings in iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after acquiring an additional 256,434 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after acquiring an additional 224,125 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY traded up $1.35 during trading on Friday, hitting $159.46. 434,617 shares of the stock were exchanged, compared to its average volume of 482,455. iShares Select Dividend ETF has a 1-year low of $132.83 and a 1-year high of $161.01. The company has a market capitalization of $23.40 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The company’s fifty day simple moving average is $155.28 and its 200-day simple moving average is $152.18.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $1.2472 dividend. This represents a $4.99 annualized dividend and a yield of 3.1%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 15th.

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