Sovran Advisors LLC Makes New Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Sovran Advisors LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,110 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors have also made changes to their positions in DVY. International Assets Investment Management LLC boosted its position in shares of iShares Select Dividend ETF by 17,525.9% during the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after acquiring an additional 4,348,183 shares in the last quarter. Miller Howard Investments Inc. NY lifted its stake in iShares Select Dividend ETF by 369.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after purchasing an additional 392,667 shares during the last quarter. Gilman Hill Asset Management LLC lifted its stake in iShares Select Dividend ETF by 1,439.1% during the fourth quarter. Gilman Hill Asset Management LLC now owns 161,377 shares of the company’s stock worth $21,187,000 after purchasing an additional 150,892 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Select Dividend ETF by 4.6% in the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after purchasing an additional 64,620 shares in the last quarter. Finally, Florin Court Capital LLP increased its stake in shares of iShares Select Dividend ETF by 119.7% in the 3rd quarter. Florin Court Capital LLP now owns 65,700 shares of the company’s stock valued at $8,874,000 after purchasing an additional 35,800 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $134.48 on Thursday. iShares Select Dividend ETF has a 52 week low of $112.42 and a 52 week high of $144.09. The stock has a market capitalization of $19.99 billion, a P/E ratio of 13.25 and a beta of 0.87. The stock has a fifty day moving average of $133.88 and a 200-day moving average of $134.06.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date was Tuesday, December 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.