Financial Engines Advisors L.L.C. Boosts Position in iShares Select Dividend ETF (NASDAQ:DVY)

Financial Engines Advisors L.L.C. grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 35.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,430 shares of the company’s stock after acquiring an additional 1,431 shares during the period. Financial Engines Advisors L.L.C.’s holdings in iShares Select Dividend ETF were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DVY. Wealthfront Advisers LLC boosted its stake in iShares Select Dividend ETF by 194,486.4% during the fourth quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after buying an additional 24,476,112 shares during the period. Raymond James Financial Inc. bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $156,322,000. Miller Howard Investments Inc. NY grew its holdings in shares of iShares Select Dividend ETF by 369.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after purchasing an additional 392,667 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock worth $37,869,000 after purchasing an additional 246,540 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in iShares Select Dividend ETF by 94.0% in the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock valued at $50,416,000 after purchasing an additional 186,055 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

DVY stock opened at $133.83 on Friday. The firm has a 50 day simple moving average of $134.75 and a two-hundred day simple moving average of $135.09. The stock has a market cap of $19.89 billion, a PE ratio of 15.96 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $115.43 and a one year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a $1.0495 dividend. The ex-dividend date was Tuesday, March 18th.

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.