Webster Bank N. A. Raises Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Webster Bank N. A. increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,733 shares of the company’s stock after acquiring an additional 869 shares during the period. Webster Bank N. A.’s holdings in iShares Select Dividend ETF were worth $1,076,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter worth $27,000. Parkside Financial Bank & Trust lifted its position in shares of iShares Select Dividend ETF by 91.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after purchasing an additional 186 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $49,000. Fortitude Family Office LLC bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $57,000. Finally, Financial Connections Group Inc. bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $58,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY traded up $0.65 during midday trading on Friday, reaching $120.98. The company had a trading volume of 321,555 shares, compared to its average volume of 517,879. The stock’s fifty day moving average price is $121.98 and its 200-day moving average price is $119.07. The stock has a market capitalization of $18.38 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $125.99.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 annualized dividend and a yield of 3.08%.

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.