Independence Bank of Kentucky Sells 810 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Independence Bank of Kentucky reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 8.1% in the 1st quarter, Holdings Channel reports. The firm owned 9,205 shares of the company’s stock after selling 810 shares during the quarter. Independence Bank of Kentucky’s holdings in iShares Select Dividend ETF were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. lifted its position in iShares Select Dividend ETF by 20.0% in the fourth quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock worth $897,000 after purchasing an additional 1,278 shares during the period. TIAA Trust National Association lifted its position in iShares Select Dividend ETF by 4.7% in the fourth quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock worth $1,140,000 after purchasing an additional 437 shares during the period. Park Place Capital Corp lifted its holdings in shares of iShares Select Dividend ETF by 1.6% during the fourth quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after acquiring an additional 129 shares during the period. Capital Asset Advisory Services LLC lifted its holdings in shares of iShares Select Dividend ETF by 1.5% during the first quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock valued at $894,000 after acquiring an additional 107 shares during the period. Finally, Ledge Wealth Management Inc. bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $202,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded up $0.65 during midday trading on Friday, reaching $120.98. 321,555 shares of the company traded hands, compared to its average volume of 517,879. The firm has a market cap of $18.38 billion, a PE ratio of 13.25 and a beta of 0.87. The stock’s 50-day simple moving average is $121.98 and its 200-day simple moving average is $119.07. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $125.99.

iShares Select Dividend ETF Announces Dividend

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

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.