iShares Select Dividend ETF $DVY Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 693,902 shares of the company’s stock after buying an additional 3,552 shares during the period. Goldman Sachs Group Inc.’s holdings in iShares Select Dividend ETF were worth $97,937,000 as of its most recent filing with the Securities & Exchange Commission.

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

iShares Select Dividend ETF Stock Up 0.8%

DVY opened at $155.58 on Wednesday. iShares Select Dividend ETF has a fifty-two week low of $129.36 and a fifty-two week high of $160.38. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The company’s 50-day moving average price is $153.16 and its 200 day moving average price is $149.84.

iShares Select Dividend ETF Cuts Dividend

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

About iShares Select Dividend ETF

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.