Natixis Advisors LLC Has $3.01 Million Stake in iShares Select Dividend ETF $DVY

Natixis Advisors LLC raised its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 90.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,319 shares of the company’s stock after purchasing an additional 10,137 shares during the period. Natixis Advisors LLC’s holdings in iShares Select Dividend ETF were worth $3,009,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC boosted 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 worth $46,870,000 after buying an additional 16,296 shares during the last quarter. Advisory Services Network LLC boosted 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 worth $18,287,000 after buying an additional 13,536 shares during the last quarter. Caprock Group LLC purchased a new position in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $459,000. American Wealth Advisors LLC purchased a new position in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $1,884,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $8,718,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.8%

Shares of NASDAQ DVY opened at $155.58 on Wednesday. iShares Select Dividend ETF has a twelve month low of $129.36 and a twelve month high of $160.38. The stock’s 50 day moving average price is $153.16 and its 200-day moving average price is $149.84. The company has a market capitalization of $22.89 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Cuts Dividend

The firm 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.