OLD National Bancorp IN Decreases Stock Holdings in iShares Select Dividend ETF $DVY

OLD National Bancorp IN lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 20.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 69,172 shares of the company’s stock after selling 17,995 shares during the period. OLD National Bancorp IN’s holdings in iShares Select Dividend ETF were worth $10,473,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caitlin John LLC purchased a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $25,000. Elevated Capital Advisors LLC purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth approximately $26,000. Ransom Advisory Ltd bought a new stake in iShares Select Dividend ETF in the 4th quarter worth approximately $27,000. Miller Capital Partners Inc. bought a new stake in iShares Select Dividend ETF in the 4th quarter worth approximately $30,000. Finally, Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $156.99 on Friday. The business’s fifty day moving average price is $154.05 and its 200-day moving average price is $151.03. The stock has a market capitalization of $23.09 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 1-year low of $131.07 and a 1-year high of $160.38.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.2472 per share. This represents a $4.99 dividend on an annualized basis and a yield of 3.2%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th.

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