Investors Sell Shares of iShares Select Dividend ETF (DVY) on Strength (DVY)

Investors sold shares of iShares Select Dividend ETF (NASDAQ:DVY) on strength during trading hours on Monday. $10.38 million flowed into the stock on the tick-up and $72.15 million flowed out of the stock on the tick-down, for a money net flow of $61.77 million out of the stock. Of all companies tracked, iShares Select Dividend ETF had the 0th highest net out-flow for the day. iShares Select Dividend ETF traded up $1.06 for the day and closed at $96.64

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in iShares Select Dividend ETF by 7.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,717,278 shares of the company’s stock worth $563,495,000 after purchasing an additional 412,905 shares during the period. BlackRock Inc. increased its stake in shares of iShares Select Dividend ETF by 21.6% during the fourth quarter. BlackRock Inc. now owns 1,502,236 shares of the company’s stock worth $148,061,000 after buying an additional 266,358 shares during the period. Epstein & White Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $22,232,000. Stephens Inc. AR increased its stake in shares of iShares Select Dividend ETF by 232.5% during the fourth quarter. Stephens Inc. AR now owns 226,776 shares of the company’s stock worth $22,351,000 after buying an additional 158,570 shares during the period. Finally, Miller Howard Investments Inc. NY purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $13,969,000.

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iShares Select Dividend ETF Company 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.

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