First American Trust FSB Reduces Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

First American Trust FSB cut its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 56.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,263 shares of the company’s stock after selling 41,569 shares during the quarter. 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.

Other hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC grew its position in iShares Select Dividend ETF by 194,486.4% in the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after purchasing an additional 24,476,112 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of iShares Select Dividend ETF by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock worth $247,059,000 after buying an additional 13,228 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares Select Dividend ETF by 8.9% in the fourth quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock worth $209,591,000 after acquiring an additional 130,573 shares during the period. JPMorgan Chase & Co. increased its position in iShares Select Dividend ETF by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after acquiring an additional 7,012 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in iShares Select Dividend ETF by 3.9% in the fourth quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock valued at $156,902,000 after acquiring an additional 44,508 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $133.87 on Tuesday. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 15.96 and a beta of 0.87. The stock’s 50-day simple moving average is $134.69 and its two-hundred day simple moving average is $135.09.

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 issued a $1.0495 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

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.