iShares Select Dividend ETF (NASDAQ:DVY) is First United Bank & Trust’s 7th Largest Position

First United Bank & Trust grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,537 shares of the company’s stock after acquiring an additional 1,865 shares during the period. iShares Select Dividend ETF comprises about 2.6% of First United Bank & Trust’s investment portfolio, making the stock its 7th biggest position. First United Bank & Trust’s holdings in iShares Select Dividend ETF were worth $7,291,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC raised its stake in iShares Select Dividend ETF by 17,525.9% during the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after purchasing an additional 4,348,183 shares during the period. Gilman Hill Asset Management LLC grew its holdings in iShares Select Dividend ETF by 1,439.1% during the 4th quarter. Gilman Hill Asset Management LLC now owns 161,377 shares of the company’s stock valued at $21,187,000 after buying an additional 150,892 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after buying an additional 64,620 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares Select Dividend ETF in the second quarter worth $5,769,000. Finally, Florin Court Capital LLP lifted its holdings in shares of iShares Select Dividend ETF by 119.7% in the third quarter. Florin Court Capital LLP now owns 65,700 shares of the company’s stock worth $8,874,000 after buying an additional 35,800 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

DVY opened at $134.80 on Tuesday. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The company has a fifty day moving average of $135.84 and a 200 day moving average of $132.90. iShares Select Dividend ETF has a fifty-two week low of $112.42 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.