Citizens Financial Group Inc. RI Sells 8,930 Shares of iShares Select Dividend ETF $DVY

Citizens Financial Group Inc. RI decreased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 18.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,986 shares of the company’s stock after selling 8,930 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in iShares Select Dividend ETF were worth $5,903,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DVY. Advisory Services Network LLC lifted its position in shares of iShares Select Dividend ETF by 11.8% during the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after buying an additional 13,536 shares during the period. Park Avenue Securities LLC grew its position in iShares Select Dividend ETF by 40.1% in the fourth quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock valued at $2,221,000 after acquiring an additional 4,507 shares during the period. Greenwood Capital Associates LLC grew its position in iShares Select Dividend ETF by 187.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 21,787 shares of the company’s stock valued at $3,075,000 after acquiring an additional 14,217 shares during the period. Sequoia Financial Advisors LLC grew its position in iShares Select Dividend ETF by 7.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 57,419 shares of the company’s stock valued at $8,104,000 after acquiring an additional 4,008 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in iShares Select Dividend ETF during the third quarter worth $8,718,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $159.46 on Monday. The stock has a market cap of $23.40 billion, a PE ratio of 13.69 and a beta of 0.66. The business has a fifty day moving average of $155.28 and a two-hundred day moving average of $152.25. iShares Select Dividend ETF has a 52-week low of $132.83 and a 52-week high of $161.01.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.2472 dividend. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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