Comerica Bank Reduces Stock Holdings in iShares Select Dividend ETF $DVY

Comerica Bank cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 433,305 shares of the company’s stock after selling 7,245 shares during the period. Comerica Bank’s holdings in iShares Select Dividend ETF were worth $61,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DVY. Brown Brothers Harriman & Co. lifted its position in shares of iShares Select Dividend ETF by 2.2% during the third quarter. Brown Brothers Harriman & Co. now owns 4,687 shares of the company’s stock worth $666,000 after purchasing an additional 100 shares in the last quarter. Pathstone Holdings LLC grew its holdings in iShares Select Dividend ETF by 5.7% during the 3rd quarter. Pathstone Holdings LLC now owns 66,545 shares of the company’s stock valued at $9,456,000 after purchasing an additional 3,581 shares in the last quarter. Legacy Advisors LLC purchased a new stake in iShares Select Dividend ETF during the 3rd quarter worth $273,000. Stelac Advisory Services LLC increased its stake in iShares Select Dividend ETF by 16.4% during the 3rd quarter. Stelac Advisory Services LLC now owns 45,752 shares of the company’s stock worth $6,501,000 after buying an additional 6,441 shares during the period. Finally, Certuity LLC lifted its holdings in iShares Select Dividend ETF by 14.3% in the 3rd quarter. Certuity LLC now owns 3,149 shares of the company’s stock worth $447,000 after buying an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $150.57 on Friday. The firm has a 50-day moving average of $151.65 and a two-hundred day moving average of $144.87. The stock has a market cap of $21.96 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $160.38.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $1.6162 dividend. This represents a $6.46 annualized dividend and a dividend yield of 4.3%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th.

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