Cadence Bank Invests $1.06 Million in iShares Select Dividend ETF (NASDAQ:DVY)

Cadence Bank purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,845 shares of the company’s stock, valued at approximately $1,060,000.

Several other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of iShares Select Dividend ETF by 17,525.9% in the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after purchasing an additional 4,348,183 shares during the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of iShares Select Dividend ETF by 400.3% during the second quarter. Miller Howard Investments Inc. NY now owns 315,140 shares of the company’s stock worth $38,126,000 after buying an additional 252,150 shares during the last quarter. National Bank of Canada FI raised its stake in shares of iShares Select Dividend ETF by 72.7% during the second quarter. National Bank of Canada FI now owns 213,193 shares of the company’s stock worth $25,556,000 after buying an additional 89,727 shares during the last quarter. LPL Financial LLC raised its stake in shares of iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after buying an additional 64,620 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 66.2% during the second quarter. Fifth Third Wealth Advisors LLC now owns 121,485 shares of the company’s stock worth $14,697,000 after buying an additional 48,377 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $143.18 on Thursday. The company has a market cap of $21.33 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm has a 50 day simple moving average of $136.25 and a 200 day simple moving average of $129.67. iShares Select Dividend ETF has a fifty-two week low of $110.04 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid a dividend of $1.5496 per share. The ex-dividend date was Wednesday, September 25th.

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.