First American Trust FSB Lowers Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

First American Trust FSB lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 56.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,263 shares of the company’s stock after selling 41,569 shares during the period. First American Trust FSB’s holdings in iShares Select Dividend ETF were worth $4,236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DVY. TIAA Trust National Association grew its stake in shares of iShares Select Dividend ETF by 5.4% in the fourth quarter. TIAA Trust National Association now owns 11,639 shares of the company’s stock worth $1,528,000 after acquiring an additional 594 shares during the last quarter. Houlihan Financial Resource Group Ltd. bought a new position in iShares Select Dividend ETF in the 4th quarter worth about $200,000. CoreFirst Bank & Trust purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at about $317,000. Congress Wealth Management LLC DE increased its stake in iShares Select Dividend ETF by 2.2% during the 4th quarter. Congress Wealth Management LLC DE now owns 138,283 shares of the company’s stock valued at $18,155,000 after purchasing an additional 2,954 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at about $116,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $133.87 on Tuesday. The firm’s 50 day moving average price is $134.69 and its 200-day moving average price is $135.09. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09. The company has a market cap of $19.90 billion, a PE ratio of 15.96 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were given a $1.0495 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

About iShares Select Dividend ETF

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.