Florin Court Capital LLP Makes New Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Florin Court Capital LLP acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $2,930,000. iShares Select Dividend ETF comprises about 3.1% of Florin Court Capital LLP’s portfolio, making the stock its 12th largest position.

A number of other institutional investors have also made changes to their positions in DVY. Northern Trust Corp lifted its position in shares of iShares Select Dividend ETF by 3.0% during the 3rd quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock worth $370,994,000 after purchasing an additional 101,996 shares during the last quarter. Royal Bank of Canada grew its stake in shares of iShares Select Dividend ETF by 2.6% in the third quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock worth $277,635,000 after acquiring an additional 64,326 shares during the last quarter. International Assets Investment Management LLC increased its position in iShares Select Dividend ETF by 12,638.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after acquiring an additional 2,388,510 shares during the period. Commonwealth Equity Services LLC raised its stake in iShares Select Dividend ETF by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 641,814 shares of the company’s stock valued at $69,085,000 after purchasing an additional 7,883 shares during the last quarter. Finally, Comerica Bank acquired a new stake in iShares Select Dividend ETF in the 3rd quarter worth $61,160,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY remained flat at $120.20 on Friday. 117,825 shares of the stock traded hands, compared to its average volume of 570,620. The firm’s 50 day moving average price is $119.03 and its 200 day moving average price is $114.74. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were paid a dividend of $0.9976 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 annualized dividend and a yield of 3.32%.

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.