GoalVest Advisory LLC Has $1.63 Million Stake in iShares Select Dividend ETF $DVY

GoalVest Advisory LLC raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 96.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,520 shares of the company’s stock after buying an additional 5,664 shares during the quarter. GoalVest Advisory LLC’s holdings in iShares Select Dividend ETF were worth $1,626,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DVY. Triumph Capital Management acquired a new position in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $259,000. Farmers National Bank boosted its position in shares of iShares Select Dividend ETF by 5.5% during the 3rd quarter. Farmers National Bank now owns 10,416 shares of the company’s stock valued at $1,480,000 after purchasing an additional 544 shares in the last quarter. Allworth Financial LP grew its stake in iShares Select Dividend ETF by 2.5% during the third quarter. Allworth Financial LP now owns 28,188 shares of the company’s stock worth $4,006,000 after purchasing an additional 675 shares during the period. CIBC Private Wealth Group LLC grew its stake in iShares Select Dividend ETF by 1.3% during the third quarter. CIBC Private Wealth Group LLC now owns 58,940 shares of the company’s stock worth $8,375,000 after purchasing an additional 768 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in iShares Select Dividend ETF in the third quarter worth approximately $8,718,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $148.31 on Friday. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $160.38. The business’s 50 day moving average price is $152.11 and its two-hundred day moving average price is $145.10. The firm has a market cap of $21.63 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th will be paid a $1.1493 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $4.60 annualized dividend and a dividend yield of 3.1%.

About iShares Select Dividend ETF

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.