Strong Insider Buying Found in the Underlying Holdings of DVY

Chevron Corporation (Symbol: CVX), which makes up 1.48% of the iShares Select Dividend ETF (DVY), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $190,982,007 worth of CVX, making it the #14 largest holding. The table below details the recent insider buying activity observed at CVX:

CVX — last trade: $84.81 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/06/2020 John Frank Director 500 $109.85 $54,925
02/24/2020 John Frank Director 400 $104.61 $41,844
02/28/2020 John Frank Director 1,000 $93.88 $93,885
02/28/2020 Charles W. Moorman Director 6,551 $91.43 $598,983

And PacWest Bancorp (Symbol: PACW), the #100 largest holding among components of the iShares Select Dividend ETF (DVY), shows 11 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $31,115,877 worth of PACW, which represents approximately 0.24% of the ETF's total assets at last check. The recent insider buying activity observed at PACW is detailed in the table below:

PACW — last trade: $18.20 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
03/02/2020 Christopher D. Blake Pres. & CEO, Community Banking 4,740 $31.70 $150,239
03/03/2020 Roger H. Molvar Director 8,979 $31.06 $278,875
03/03/2020 Bart R. Olson EVP, Chief Accounting Officer 1,800 $32.11 $57,795
03/03/2020 Patrick J. Rusnak EVP, Chief Financial Officer 3,000 $31.00 $93,000
03/02/2020 Matthew P. Wagner CEO and President 12,625 $31.60 $398,950
03/12/2020 Mark Yung EVP, Chief Operating Officer 4,300 $22.96 $98,736
03/16/2020 Craig A. Carlson Director 1,075 $19.78 $21,263
03/12/2020 Robert A. Stine Director 9,200 $21.55 $198,289
03/16/2020 Paul Robert Burke Director 1,500 $19.76 $29,640
04/23/2020 Susan E. Lester Director 1,000 $16.21 $16,206
04/24/2020 Tanya M. Acker Director 1,600 $16.37 $26,199

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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