iShares Select Dividend ETF $DVY Shares Purchased by Coordinated Financial Services Inc.

Coordinated Financial Services Inc. boosted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 72.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,169 shares of the company’s stock after purchasing an additional 3,429 shares during the quarter. Coordinated Financial Services Inc.’s holdings in iShares Select Dividend ETF were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at $26,000. Ransom Advisory Ltd acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at $27,000. Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF during the second quarter valued at about $34,000. Headlands Technologies LLC purchased a new stake in iShares Select Dividend ETF during the second quarter valued at about $38,000. Finally, Arvest Investments Inc. purchased a new stake in iShares Select Dividend ETF during the fourth quarter valued at about $50,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.0%

DVY stock opened at $155.28 on Thursday. The stock has a 50-day moving average price of $152.12 and a two-hundred day moving average price of $148.94. iShares Select Dividend ETF has a 12-month low of $129.36 and a 12-month high of $160.38. The company has a market cap of $22.84 billion, a PE ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

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

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.