PNC Financial Services Group Inc. Sells 47,188 Shares of iShares Select Dividend ETF $DVY

PNC Financial Services Group Inc. decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,506,722 shares of the company’s stock after selling 47,188 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Select Dividend ETF were worth $530,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Caitlin John LLC bought a new position in iShares Select Dividend ETF in the 4th quarter worth approximately $25,000. Elevated Capital Advisors LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at approximately $26,000. Miller Capital Partners Inc. bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at $30,000. Main Street Group LTD bought a new stake in iShares Select Dividend ETF during the 1st quarter valued at $33,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF during the second quarter worth $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $160.96 on Wednesday. iShares Select Dividend ETF has a 1 year low of $132.83 and a 1 year high of $164.73. The stock’s fifty day moving average price is $156.32 and its two-hundred day moving average price is $153.17. The company has a market cap of $23.66 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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

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