Burke & Herbert Bank & Trust Co. Has $5.72 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Burke & Herbert Bank & Trust Co. boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,327 shares of the company’s stock after purchasing an additional 1,074 shares during the period. iShares Select Dividend ETF comprises 1.3% of Burke & Herbert Bank & Trust Co.’s portfolio, making the stock its 16th biggest holding. Burke & Herbert Bank & Trust Co.’s holdings in iShares Select Dividend ETF were worth $5,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Addison Advisors LLC increased its holdings in shares of iShares Select Dividend ETF by 107.1% in the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $30,000. ORG Partners LLC acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $32,000. ORG Wealth Partners LLC acquired a new stake in iShares Select Dividend ETF during the 3rd quarter worth $36,000. Finally, Family Firm Inc. acquired a new stake in iShares Select Dividend ETF during the 2nd quarter worth $36,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY traded down $0.14 during trading on Friday, reaching $134.93. 41,347 shares of the company’s stock were exchanged, compared to its average volume of 460,019. The company’s fifty day moving average price is $133.53 and its 200-day moving average price is $126.59. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $137.26. The firm has a market capitalization of $20.11 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were paid a dividend of $1.5496 per share. The ex-dividend date was Wednesday, September 25th.

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.