Godfrey Financial Associates Inc. Acquires New Shares in iShares Select Dividend ETF $DVY

Godfrey Financial Associates Inc. acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,318 shares of the company’s stock, valued at approximately $3,714,000. iShares Select Dividend ETF comprises approximately 3.2% of Godfrey Financial Associates Inc.’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DVY. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after purchasing an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY increased its holdings in iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after purchasing an additional 445,910 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in iShares Select Dividend ETF by 526.0% in the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock valued at $24,091,000 after purchasing an additional 152,417 shares during the last quarter. Finally, UBS Group AG increased its holdings in iShares Select Dividend ETF by 10.0% in the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock valued at $164,130,000 after purchasing an additional 104,866 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.0%

NASDAQ DVY opened at $155.28 on Thursday. The stock has a 50-day simple moving average of $152.12 and a 200 day simple moving average of $148.94. The company has a market capitalization of $22.84 billion, a PE ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 12 month low of $129.36 and a 12 month high of $160.38.

iShares Select Dividend ETF Cuts Dividend

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

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.