Bank of Montreal Can Lowers Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Bank of Montreal Can trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 807,176 shares of the company’s stock after selling 44,528 shares during the quarter. Bank of Montreal Can owned 0.54% of iShares Select Dividend ETF worth $98,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Asset Advisory Services LLC lifted its holdings in shares of iShares Select Dividend ETF by 1.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock valued at $894,000 after acquiring an additional 107 shares in the last quarter. Dodds Wealth LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $909,000. Brookstone Capital Management grew its stake in shares of iShares Select Dividend ETF by 3.9% in the first quarter. Brookstone Capital Management now owns 2,752 shares of the company’s stock valued at $339,000 after buying an additional 103 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of iShares Select Dividend ETF by 2.2% during the 1st quarter. NBC Securities Inc. now owns 14,097 shares of the company’s stock valued at $1,736,000 after buying an additional 299 shares during the period. Finally, Mather Group LLC. lifted its position in iShares Select Dividend ETF by 20.2% during the 2nd quarter. Mather Group LLC. now owns 3,278 shares of the company’s stock worth $404,000 after acquiring an additional 550 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.1 %

NASDAQ DVY opened at $135.59 on Wednesday. The stock has a market cap of $20.16 billion, a PE ratio of 13.25 and a beta of 0.87. The business has a 50 day moving average price of $130.52 and a two-hundred day moving average price of $124.59. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $136.36.

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.