Cadence Bank Trims Position in iShares Select Dividend ETF (NASDAQ:DVY)

Cadence Bank trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,681 shares of the company’s stock after selling 164 shares during the period. Cadence Bank’s holdings in iShares Select Dividend ETF were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its position in iShares Select Dividend ETF by 194,486.4% during the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after purchasing an additional 24,476,112 shares during the period. Wells Fargo & Company MN increased its holdings in iShares Select Dividend ETF by 5.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,875,784 shares of the company’s stock valued at $508,852,000 after buying an additional 183,589 shares during the period. Bank of New York Mellon Corp increased its holdings in iShares Select Dividend ETF by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock valued at $247,059,000 after buying an additional 13,228 shares during the period. JPMorgan Chase & Co. raised 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 buying an additional 314,358 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in iShares Select Dividend ETF by 8.9% during the fourth quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock worth $209,591,000 after buying an additional 130,573 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 1.1 %

Shares of NASDAQ:DVY opened at $125.86 on Friday. The company has a market capitalization of $18.70 billion, a PE ratio of 14.65 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The business’s fifty day simple moving average is $131.61 and its 200-day simple moving average is $134.09.

iShares Select Dividend ETF Cuts Dividend

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

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.