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

Goldman Sachs Group Inc. grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 693,902 shares of the company’s stock after purchasing an additional 3,552 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.48% of iShares Select Dividend ETF worth $97,937,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC raised its stake 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 valued at $46,870,000 after purchasing an additional 16,296 shares in the last quarter. Advisory Services Network LLC raised its stake 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 valued at $18,287,000 after purchasing an additional 13,536 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $459,000. American Wealth Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $1,884,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $8,718,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $155.58 on Wednesday. The firm has a market cap of $22.89 billion, a PE ratio of 13.69 and a beta of 0.66. The firm’s 50-day simple moving average is $153.16 and its 200-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.

iShares Select Dividend ETF Cuts Dividend

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

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.