Fulton Bank N.A. Increases Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Fulton Bank N.A. grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,935 shares of the company’s stock after purchasing an additional 4,568 shares during the quarter. Fulton Bank N.A.’s holdings in iShares Select Dividend ETF were worth $3,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in iShares Select Dividend ETF in the third quarter valued at $36,000. JDM Financial Group LLC lifted its holdings in shares of iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares during the last quarter. M&R Capital Management Inc. lifted its holdings in shares of iShares Select Dividend ETF by 1,455.0% in the 3rd quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock valued at $42,000 after purchasing an additional 291 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $47,000. Finally, 1832 Asset Management L.P. purchased a new position in iShares Select Dividend ETF during the 2nd quarter worth approximately $73,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY traded down $0.51 on Wednesday, reaching $130.29. The stock had a trading volume of 169,462 shares, compared to its average volume of 412,883. The stock has a market cap of $19.84 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $112.42 and a 12-month high of $144.09. The business’s 50-day moving average price is $136.50 and its 200 day moving average price is $132.30.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

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.