Commerce Bank lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,101 shares of the company’s stock after selling 13,655 shares during the period. Commerce Bank owned about 0.19% of iShares Select Dividend ETF worth $23,393,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sowa Financial Group Inc. purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $32,000. Tradewinds Capital Management LLC boosted its stake in iShares Select Dividend ETF by 90.9% during the 4th quarter. Tradewinds Capital Management LLC now owns 420 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares during the last quarter. Harwood Advisory Group LLC purchased a new stake in shares of iShares Select Dividend ETF during the first quarter worth $30,000. RMR Wealth Builders acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at about $45,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of iShares Select Dividend ETF in the first quarter valued at about $37,000.
DVY traded down $0.06 on Friday, reaching $78.49. 13,543 shares of the company’s stock were exchanged, compared to its average volume of 1,168,162. iShares Select Dividend ETF has a twelve month low of $61.89 and a twelve month high of $107.36. The stock’s fifty day moving average price is $77.36 and its 200-day moving average price is $94.07.
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.
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