iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,815,959 shares of the company’s stock after selling 45,451 shares during the quarter. PNC Financial Services Group Inc. owned about 2.57% of iShares Select Dividend ETF worth $500,997,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in iShares Select Dividend ETF by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock worth $247,059,000 after purchasing an additional 13,228 shares during the period. LPL Financial LLC lifted its holdings in iShares Select Dividend ETF by 4.6% in the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after purchasing an additional 64,620 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after purchasing an additional 7,012 shares during the period. 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 worth $156,902,000 after purchasing an additional 44,508 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in iShares Select Dividend ETF in the fourth quarter worth about $156,322,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.0 %

DVY stock opened at $134.30 on Friday. The company has a market capitalization of $19.96 billion, a P/E ratio of 16.35 and a beta of 0.87. The company has a 50-day simple moving average of $134.22 and a 200 day simple moving average of $135.02. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.