Coordinated Financial Services Inc. Acquires New Holdings in iShares Select Dividend ETF $DVY

Coordinated Financial Services Inc. bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the third quarter, Holdings Channel.com reports. The institutional investor bought 4,740 shares of the company’s stock, valued at approximately $674,000.

Other hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $27,000. Financial Gravity Companies Inc. purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $29,000. Total Investment Management Inc. purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $29,000. Kilter Group LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at approximately $31,000. Finally, Allspring Global Investments Holdings LLC raised its position in iShares Select Dividend ETF by 242.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.6%

NASDAQ:DVY opened at $147.89 on Friday. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $149.76. The stock’s fifty day moving average is $143.14 and its two-hundred day moving average is $140.73. The stock has a market capitalization of $21.73 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $1.6162 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a yield of 4.4%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.