Comerica Bank Sells 5,386 Shares of iShares Select Dividend ETF $DVY

Comerica Bank lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 427,919 shares of the company’s stock after selling 5,386 shares during the quarter. Comerica Bank owned approximately 0.29% of iShares Select Dividend ETF worth $60,396,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DVY. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $26,000. Ransom Advisory Ltd bought a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $27,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of iShares Select Dividend ETF by 242.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after purchasing an additional 182 shares in the last quarter. Finally, Clean Yield Group bought a new position in shares of iShares Select Dividend ETF in the third quarter valued at approximately $37,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock opened at $151.91 on Monday. iShares Select Dividend ETF has a twelve month low of $126.22 and a twelve month high of $160.38. The stock’s 50 day moving average is $152.51 and its 200-day moving average is $146.99. The firm has a market capitalization of $22.36 billion, a PE ratio of 13.69 and a beta of 0.71.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $1.1493 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.