17,232 Shares in iShares Select Dividend ETF $DVY Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,232 shares of the company’s stock, valued at approximately $2,693,000.

Several other institutional investors have also added to or reduced their stakes in DVY. Morgan Stanley increased its holdings in shares of iShares Select Dividend ETF by 3.6% in the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after buying an additional 224,125 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after acquiring an additional 6,044,290 shares during the period. Wells Fargo & Company MN boosted its holdings in iShares Select Dividend ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock valued at $537,455,000 after acquiring an additional 69,658 shares during the period. Royal Bank of Canada grew its position in iShares Select Dividend ETF by 3.9% during the 4th quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after acquiring an additional 114,490 shares during the last quarter. Finally, LPL Financial LLC grew its position in iShares Select Dividend ETF by 3.8% during the 4th quarter. LPL Financial LLC now owns 1,789,466 shares of the company’s stock worth $252,565,000 after acquiring an additional 65,691 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $163.20 on Wednesday. iShares Select Dividend ETF has a one year low of $134.72 and a one year high of $166.79. The business’s 50 day simple moving average is $158.16 and its two-hundred day simple moving average is $154.46. The stock has a market capitalization of $23.77 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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

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