Farther Finance Advisors LLC Has $3.96 Million Stock Position in iShares Select Dividend ETF $DVY

Farther Finance Advisors LLC increased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,071 shares of the company’s stock after buying an additional 14,034 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Select Dividend ETF were worth $3,962,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ransom Advisory Ltd bought a new position in iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. Allspring Global Investments Holdings LLC lifted its position in iShares Select Dividend ETF by 242.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after acquiring an additional 182 shares in the last quarter. Clean Yield Group bought a new position in iShares Select Dividend ETF in the 3rd quarter valued at about $37,000. Finally, Vermillion Wealth Management Inc. lifted its position in iShares Select Dividend ETF by 220.7% in the 3rd quarter. Vermillion Wealth Management Inc. now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 181 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $153.15 on Friday. iShares Select Dividend ETF has a fifty-two week low of $122.47 and a fifty-two week high of $160.38. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 13.69 and a beta of 0.71. The firm’s 50-day simple moving average is $152.89 and its 200 day simple moving average is $146.57.

iShares Select Dividend ETF Cuts Dividend

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

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.