1ST Source Bank Buys New Position in iShares Select Dividend ETF (NASDAQ:DVY)

1ST Source Bank purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,948 shares of the company’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DVY. Charles Schwab Investment Management Inc. grew its stake in shares of iShares Select Dividend ETF by 34.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 230,083 shares of the company’s stock valued at $26,970,000 after acquiring an additional 58,877 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in iShares Select Dividend ETF by 34.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 19,352 shares of the company’s stock valued at $2,268,000 after purchasing an additional 4,955 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in iShares Select Dividend ETF by 10.7% during the 4th quarter. Level Four Advisory Services LLC now owns 13,983 shares of the company’s stock worth $1,639,000 after purchasing an additional 1,348 shares during the last quarter. Brown Advisory Inc. raised its position in shares of iShares Select Dividend ETF by 0.7% in the 4th quarter. Brown Advisory Inc. now owns 42,182 shares of the company’s stock valued at $4,945,000 after purchasing an additional 296 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of iShares Select Dividend ETF by 22.4% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 6,559 shares of the company’s stock valued at $769,000 after buying an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 1.1 %

DVY stock opened at $133.64 on Friday. The firm has a 50 day simple moving average of $128.86 and a 200-day simple moving average of $123.69. The company has a market capitalization of $19.87 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $134.39.

iShares Select Dividend ETF Profile

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.