Anchor Capital Advisors LLC has recently reported a significant reduction of its stake in the iShares Select Dividend ETF shares, as per its filing submitted to the Securities and Exchange Commission (SEC). The institutional investor stated that they sold 70.3% of their stake during the fourth quarter, selling a total of 27,473 shares and leaving them with only 11,612 shares left. The remaining shares are currently valued at $1.4 million.
The reasons why Anchor Capital Advisors LLC opted to lessen their stake in iShares Select Dividend ETF is still unclear. However, other hedge funds can take advantage of this opportunity by visiting HoldingsChannel.com to see which company’s stocks they are currently holding and how they fared in recent insider trades.
iShares Select Dividend ETF has also recently announced a quarterly dividend paid out on March 29th amounting to $1.005 per share, to investors recorded on March 24th. This equates to an annualized dividend of $4.02 annually which represents an impressive dividend yield of 3.64%.
Investors who have shares in this company have something to look forward to for future dividends, as evident from the company’s stable performance in recent years. Interested parties can refer back to previous filings submitted to the SEC for historical data, which will help them make informed decisions.
In conclusion, there are always risks associated with investing but understanding market trends and insights from experienced investors such as Anchor Capital Advisors LLC can help mitigate these risks over time. We urge potential investors within this market sector to conduct thorough research before making any investments especially given the constantly evolving nature of the global economy today.
Institutional Investors Show Interest in iShares Select Dividend ETF (DVY)
Investors have been keeping a keen eye on iShares Select Dividend ETF (DVY) in recent times, as several institutional investors and hedge funds make changes to their stakes. PNC Financial Services Group Inc. has increased its stake in DVY by 2.1% during Q4, acquiring an additional 96,600 shares of the company’s stock worth $561,778,000 and taking its total ownership to 4,658,191 shares. Bank of New York Mellon Corp also boosted its holdings in DVY by 13.7% during Q3 with 354,839 more shares acquired at a value of $316,725,000.
Northern Trust Corp raised its holdings by 9.2% during Q1 by acquiring an additional 244,127 shares valued at $372,564,000; whilst Envestnet Asset Management Inc. grew its holdings by 7.2% during Q3 with an additional purchase of 155,937 shares worth $249,219,000. Finally, Royal Bank of Canada increased its position in DVY by 12.7%, closing out the third quarter with an extra 251,913 shares valued at $240,112. Institutional investors now hold almost half (43.99%) of the company’s stock.
Trading under the NASDAQ ticker DVY opened at $110.36 yesterday with a market capitalization of around $20.10 billion and a price-to-earnings ratio of 11.69 along with a beta of 0.87 being observed recently on the exchange platform.
iShares Select Dividend ETF revised itself from iShares Dow Jones Select Dividend Index Fund (the Fund), into an exchange-traded fund that aims to achieve investment outcomes that correspond to those provided generally by Dow Jones U.S Select Dividend Index (the Index). The fund measures performance against equity securities issued by companies that have provided relatively high and regular dividend yields over time. Aiming to stay in the market as a dividend-focused exchange-traded fund, DVY has a 12-month low of $105.59, a 50-day simple moving average of $116.03, a 200-day simple moving average of $118.53, and a 12-month high of $131.39.
As institutional investors continue to add or reduce their share stakes in DVY, the future trading performance and sustainability of this dividend-focused investment will remain an interesting topic among investors worldwide.
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