CIBC Bancorp USA Inc. Buys New Position in iShares Select Dividend ETF $DVY

CIBC Bancorp USA Inc. purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 61,354 shares of the company’s stock, valued at approximately $8,718,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. GM Advisory Group LLC lifted its position in iShares Select Dividend ETF by 10.5% during the third quarter. GM Advisory Group LLC now owns 2,480 shares of the company’s stock valued at $352,000 after purchasing an additional 235 shares in the last quarter. Advisory Services Network LLC increased its position in iShares Select Dividend ETF by 11.8% in the third quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after buying an additional 13,536 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its stake in shares of iShares Select Dividend ETF by 5.8% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 63,021 shares of the company’s stock worth $8,955,000 after buying an additional 3,434 shares during the period. Hancock Whitney Corp raised its stake in shares of iShares Select Dividend ETF by 1.4% in the third quarter. Hancock Whitney Corp now owns 29,384 shares of the company’s stock worth $4,175,000 after buying an additional 395 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in iShares Select Dividend ETF by 5.1% in the 3rd quarter. NewEdge Advisors LLC now owns 81,831 shares of the company’s stock worth $11,628,000 after acquiring an additional 3,953 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 1.6%

NASDAQ DVY opened at $145.93 on Friday. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $160.38. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The company’s 50 day moving average is $152.12 and its two-hundred day moving average is $145.13.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a dividend of $1.1493 per share. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.2%.

iShares Select Dividend ETF 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.