Royal Bank of Canada Grows Position in iShares Select Dividend ETF (NASDAQ:DVY)

Royal Bank of Canada boosted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,346,687 shares of the company’s stock after acquiring an additional 100,103 shares during the quarter. Royal Bank of Canada owned about 1.58% of iShares Select Dividend ETF worth $308,096,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at $27,000. Creative Capital Management Investments LLC purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at $33,000. Millstone Evans Group LLC purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at $36,000. Finally, Roxbury Financial LLC purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.0%

Shares of DVY stock opened at $133.78 on Friday. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The stock has a market cap of $19.79 billion, a P/E ratio of 14.94 and a beta of 0.87. The business has a fifty day simple moving average of $129.02 and a 200-day simple moving average of $133.33.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were given a $1.0495 dividend. The ex-dividend date was Tuesday, March 18th.

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.