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

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

Several other hedge funds have also recently added to or reduced their stakes in DVY. Caitlin John LLC bought a new position in iShares Select Dividend ETF during the fourth quarter worth about $25,000. Elevated Capital Advisors LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth about $26,000. Ransom Advisory Ltd bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Miller Capital Partners Inc. bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $30,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $153.30 on Friday. The firm’s 50 day simple moving average is $153.80 and its 200 day simple moving average is $150.58. iShares Select Dividend ETF has a fifty-two week low of $129.94 and a fifty-two week high of $160.38. The company has a market capitalization of $22.55 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently announced 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 a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend 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.