World Investment Advisors Has $3.06 Million Holdings in iShares Select Dividend ETF $DVY

World Investment Advisors boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 71.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,651 shares of the company’s stock after purchasing an additional 9,014 shares during the period. 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 added to or reduced their stakes in the business. Winthrop Partners WNY LLC bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $2,589,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $89,000. Green Ridge Wealth Planning LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $224,000. Corient Private Wealth LLC lifted its holdings in shares of iShares Select Dividend ETF by 62.2% during the 4th quarter. Corient Private Wealth LLC now owns 136,147 shares of the company’s stock valued at $19,219,000 after purchasing an additional 52,221 shares in the last quarter. Finally, Union Savings Bank bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $1,719,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $153.30 on Friday. The stock has a 50 day simple moving average of $153.80 and a 200 day simple moving average of $150.58. iShares Select Dividend ETF has a 52-week low of $129.94 and a 52-week high of $160.38. The firm has a market capitalization of $22.55 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.2472 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a yield of 3.3%.

iShares Select Dividend ETF 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.