Godfrey Financial Associates Inc. Invests $3.71 Million in iShares Select Dividend ETF $DVY

Godfrey Financial Associates Inc. purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 26,318 shares of the company’s stock, valued at approximately $3,714,000. iShares Select Dividend ETF makes up about 3.2% of Godfrey Financial Associates Inc.’s holdings, making the stock its 6th biggest position.

Other institutional investors have also bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at $26,000. Ransom Advisory Ltd acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at $27,000. Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $34,000. Headlands Technologies LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $38,000. Finally, Arvest Investments Inc. acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $155.28 on Thursday. The stock’s fifty day simple moving average is $152.12 and its 200 day simple moving average is $148.94. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a one year low of $129.36 and a one year high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a $1.1493 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis 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.