World Investment Advisors Acquires 9,014 Shares of iShares Select Dividend ETF $DVY

World Investment Advisors increased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 71.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,651 shares of the company’s stock after buying an additional 9,014 shares during the quarter. World Investment Advisors’ holdings in iShares Select Dividend ETF were worth $3,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Miller Howard Investments Inc. NY increased its holdings in iShares Select Dividend ETF by 745.9% during the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after purchasing an additional 445,910 shares during the period. Bank of America Corp DE increased its holdings in iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after purchasing an additional 256,434 shares during the period. Orion Porfolio Solutions LLC increased its holdings in iShares Select Dividend ETF by 526.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after purchasing an additional 152,417 shares during the period. UBS Group AG increased its holdings in iShares Select Dividend ETF by 10.0% during the 3rd quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock worth $164,130,000 after purchasing an additional 104,866 shares during the period. Finally, Greenberg Financial Group purchased a new position in iShares Select Dividend ETF during the 4th quarter worth $9,049,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Down 1.0%

DVY opened at $150.96 on Friday. The stock’s fifty day moving average is $151.68 and its two-hundred day moving average is $148.05. The company has a market capitalization of $22.21 billion, a P/E ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 52 week low of $128.96 and a 52 week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a $1.1493 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.