CIBC Private Wealth Group LLC Decreases Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

CIBC Private Wealth Group LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,075 shares of the company’s stock after selling 1,954 shares during the period. CIBC Private Wealth Group LLC’s holdings in iShares Select Dividend ETF were worth $7,863,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DVY. RWA Wealth Partners LLC increased its position in iShares Select Dividend ETF by 52.0% during the fourth quarter. RWA Wealth Partners LLC now owns 13,766 shares of the company’s stock valued at $1,807,000 after acquiring an additional 4,712 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in iShares Select Dividend ETF during the 4th quarter valued at about $27,000. Orion Portfolio Solutions LLC raised its position in iShares Select Dividend ETF by 61.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 52,545 shares of the company’s stock worth $6,899,000 after purchasing an additional 20,063 shares during the period. Moment Partners LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter worth about $34,741,000. Finally, JPMorgan Chase & Co. lifted its stake in iShares Select Dividend ETF by 22.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after purchasing an additional 314,358 shares during the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

DVY opened at $134.18 on Wednesday. The stock’s 50 day moving average price is $134.66 and its 200-day moving average price is $135.15. iShares Select Dividend ETF has a one year low of $115.43 and a one year high of $144.09. The stock has a market cap of $19.95 billion, a price-to-earnings ratio of 15.96 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were given a $1.0495 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

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.