Comerica Bank Trims Position in iShares Select Dividend ETF $DVY

Comerica Bank lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 433,305 shares of the company’s stock after selling 7,245 shares during the quarter. Comerica Bank owned approximately 0.30% of iShares Select Dividend ETF worth $61,573,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Corp purchased a new stake in iShares Select Dividend ETF in the 3rd quarter valued at about $1,585,000. Flow Traders U.S. LLC purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth about $1,405,000. Park Avenue Securities LLC acquired a new stake in shares of iShares Select Dividend ETF in the third quarter worth approximately $1,595,000. HighTower Advisors LLC boosted its position in shares of iShares Select Dividend ETF by 5.2% in the third quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after acquiring an additional 16,296 shares during the last quarter. Finally, FAS Wealth Partners Inc. grew its holdings in iShares Select Dividend ETF by 12.5% in the third quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock valued at $4,449,000 after purchasing an additional 3,467 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $150.57 on Friday. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $160.38. The company has a 50 day moving average price of $151.65 and a 200 day moving average price of $144.87.

iShares Select Dividend ETF Increases Dividend

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

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