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

World Investment Advisors boosted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 71.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,651 shares of the company’s stock after buying an additional 9,014 shares during the period. World Investment Advisors’ holdings in iShares Select Dividend ETF were worth $3,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $26,000. Ransom Advisory Ltd bought a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $27,000. Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF during the second quarter valued at approximately $34,000. Headlands Technologies LLC bought a new position in iShares Select Dividend ETF during the second quarter valued at approximately $38,000. Finally, Arvest Investments Inc. bought a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $50,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $150.96 on Friday. The firm has a market capitalization of $22.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 1 year low of $128.96 and a 1 year high of $160.38. The business has a 50 day simple moving average of $151.68 and a 200-day simple moving average of $148.05.

iShares Select Dividend ETF Cuts Dividend

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

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.