First Western Trust Bank Reduces Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

First Western Trust Bank lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 73.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,206 shares of the company’s stock after selling 6,109 shares during the quarter. First Western Trust Bank’s holdings in iShares Select Dividend ETF were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. increased its stake in shares of iShares Select Dividend ETF by 340.7% in the 1st quarter. Citigroup Inc. now owns 16,028 shares of the company’s stock worth $2,054,000 after acquiring an additional 12,391 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of iShares Select Dividend ETF during the first quarter valued at approximately $2,396,000. Prudential Financial Inc. purchased a new position in shares of iShares Select Dividend ETF during the first quarter valued at approximately $205,000. Worth Asset Management LLC bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter worth approximately $177,000. Finally, High Net Worth Advisory Group LLC grew its stake in shares of iShares Select Dividend ETF by 1.9% in the 1st quarter. High Net Worth Advisory Group LLC now owns 22,651 shares of the company’s stock worth $2,901,000 after buying an additional 429 shares during the last quarter. 47.25% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $109.50 on Tuesday. The company has a 50-day simple moving average of $107.87 and a two-hundred day simple moving average of $111.33. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $126.89. The stock has a market capitalization of $17.89 billion, a PE ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Wednesday, September 27th were given a $1.4647 dividend. The ex-dividend date was Tuesday, September 26th. This represents a $5.86 annualized dividend and a yield of 5.35%.

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.