Traders Buy iShares Select Dividend ETF (DVY) on Weakness

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Traders purchased shares of iShares Select Dividend ETF (NASDAQ:DVY) on weakness during trading on Thursday. $46.78 million flowed into the stock on the tick-up and $11.40 million flowed out of the stock on the tick-down, for a money net flow of $35.38 million into the stock. Of all stocks tracked, iShares Select Dividend ETF had the 24th highest net in-flow for the day. iShares Select Dividend ETF traded down ($0.17) for the day and closed at $98.84

Several institutional investors and hedge funds have recently added to or reduced their stakes in DVY. Bank of America Corp DE raised its stake in shares of iShares Select Dividend ETF by 46.2% in the 4th quarter. Bank of America Corp DE now owns 12,377,368 shares of the company’s stock valued at $1,105,423,000 after purchasing an additional 3,913,959 shares during the period. Miller Howard Investments Inc. NY raised its stake in shares of iShares Select Dividend ETF by 400.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 1,537,785 shares of the company’s stock valued at $137,340,000 after purchasing an additional 1,230,549 shares during the period. Bank of New York Mellon Corp raised its stake in shares of iShares Select Dividend ETF by 93.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,224,639 shares of the company’s stock valued at $109,372,000 after purchasing an additional 591,428 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of iShares Select Dividend ETF by 10.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,640,136 shares of the company’s stock valued at $462,899,000 after purchasing an additional 436,930 shares during the period. Finally, Morgan Stanley raised its stake in shares of iShares Select Dividend ETF by 5.8% in the 3rd quarter. Morgan Stanley now owns 4,911,125 shares of the company’s stock valued at $489,934,000 after purchasing an additional 271,391 shares during the period.

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About iShares Select Dividend ETF (NASDAQ:DVY)

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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