Coordinated Financial Services Inc. Boosts Stake in iShares Select Dividend ETF $DVY

Coordinated Financial Services Inc. lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 72.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,169 shares of the company’s stock after acquiring 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 SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $26,000. Ransom Advisory Ltd purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $27,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF in the second quarter worth about $34,000. Headlands Technologies LLC purchased a new stake in shares of iShares Select Dividend ETF in the second quarter worth about $38,000. Finally, Arvest Investments Inc. purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $155.28 on Thursday. iShares Select Dividend ETF has a 1-year low of $129.36 and a 1-year high of $160.38. The business has a 50-day moving average of $152.12 and a 200-day moving average of $148.94. The company has a market capitalization of $22.84 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a $1.1493 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 annualized dividend and a dividend 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.