Natixis Advisors LLC Buys 10,137 Shares of iShares Select Dividend ETF $DVY

Natixis Advisors LLC increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 90.7% during the fourth quarter, HoldingsChannel reports. The firm owned 21,319 shares of the company’s stock after acquiring an additional 10,137 shares during the period. Natixis Advisors LLC’s holdings in iShares Select Dividend ETF were worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 5.2% in the 3rd quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after purchasing an additional 16,296 shares during the period. Advisory Services Network LLC raised its holdings in shares of iShares Select Dividend ETF by 11.8% in the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after purchasing an additional 13,536 shares during the period. Caprock Group LLC bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $459,000. American Wealth Advisors LLC bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $1,884,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $8,718,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $155.58 on Wednesday. The company’s fifty day simple moving average is $153.16 and its two-hundred day simple moving average is $149.84. iShares Select Dividend ETF has a 1 year low of $129.36 and a 1 year high of $160.38. The stock has a market capitalization of $22.89 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

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 issued a dividend of $1.1493 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%.

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.