Commonwealth Financial Services LLC Cuts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Commonwealth Financial Services LLC trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,645 shares of the company’s stock after selling 195 shares during the period. Commonwealth Financial Services LLC’s holdings in iShares Select Dividend ETF were worth $318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Addison Advisors LLC boosted its holdings 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 worth $28,000 after purchasing an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $30,000. ORG Partners LLC bought a new stake in iShares Select Dividend ETF in the 2nd quarter worth approximately $32,000. Family Firm Inc. purchased a new stake in iShares Select Dividend ETF in the second quarter worth approximately $36,000. Finally, Triad Wealth Partners LLC bought a new position in iShares Select Dividend ETF during the second quarter valued at approximately $40,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

DVY stock opened at $135.26 on Monday. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $136.11. The company has a market capitalization of $20.11 billion, a PE ratio of 13.25 and a beta of 0.87. The company’s 50 day moving average price is $130.14 and its two-hundred day moving average price is $124.36.

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.