Commerce Bank Grows Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Commerce Bank grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 2.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 290,285 shares of the company’s stock after acquiring an additional 7,344 shares during the period. Commerce Bank’s holdings in iShares Select Dividend ETF were worth $39,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Addison Advisors LLC lifted its stake in shares of iShares Select Dividend ETF by 107.1% in the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the period. 1620 Investment Advisors Inc. bought a new position in iShares Select Dividend ETF during the 2nd quarter valued at approximately $30,000. ORG Partners LLC bought a new position in iShares Select Dividend ETF during the 2nd quarter valued at approximately $32,000. Family Firm Inc. bought a new position in iShares Select Dividend ETF during the 2nd quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC bought a new position in iShares Select Dividend ETF during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.4 %

DVY stock opened at $138.56 on Wednesday. iShares Select Dividend ETF has a twelve month low of $109.15 and a twelve month high of $139.90. The firm has a market cap of $20.65 billion, a PE ratio of 13.25 and a beta of 0.87. The business has a 50 day moving average of $135.25 and a 200 day moving average of $128.92.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.