Cullen Frost Bankers Inc. Trims Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Cullen Frost Bankers Inc. cut its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 130,076 shares of the company’s stock after selling 2,442 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares Select Dividend ETF were worth $15,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DVY. Signaturefd LLC grew its stake in iShares Select Dividend ETF by 30.0% during the 3rd quarter. Signaturefd LLC now owns 1,864 shares of the company’s stock worth $201,000 after buying an additional 430 shares during the last quarter. TIAA Trust National Association increased its holdings in shares of iShares Select Dividend ETF by 4.7% in the 4th quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock worth $1,140,000 after acquiring an additional 437 shares during the period. JFS Wealth Advisors LLC lifted its position in iShares Select Dividend ETF by 14.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 24,829 shares of the company’s stock valued at $2,673,000 after purchasing an additional 3,078 shares during the last quarter. Park Place Capital Corp lifted its position in iShares Select Dividend ETF by 1.6% in the 4th quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after purchasing an additional 129 shares during the last quarter. Finally, Ledge Wealth Management Inc. bought a new position in iShares Select Dividend ETF in the 4th quarter worth about $202,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY traded up $0.46 during mid-day trading on Wednesday, reaching $122.90. 236,786 shares of the company’s stock traded hands, compared to its average volume of 553,665. The business’s 50-day moving average price is $119.82 and its 200-day moving average price is $115.63. The stock has a market capitalization of $18.64 billion, a P/E ratio of 13.25 and a beta of 0.68. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.9976 per share. This represents a $3.99 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, March 21st.

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.