Coordinated Financial Services Inc. Acquires Shares of 4,740 iShares Select Dividend ETF $DVY

Coordinated Financial Services Inc. bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,740 shares of the company’s stock, valued at approximately $674,000.

A number of other large investors have also made changes to their positions in the stock. Parvin Asset Management LLC acquired a new position in iShares Select Dividend ETF during the second quarter worth $27,000. Financial Gravity Companies Inc. acquired a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth $29,000. Total Investment Management Inc. purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth $29,000. Kilter Group LLC acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $31,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of 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. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.6%

iShares Select Dividend ETF stock opened at $147.89 on Friday. The company has a 50-day moving average price of $143.14 and a 200 day moving average price of $140.73. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $149.76. The stock has a market cap of $21.73 billion, a P/E ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This represents a $6.46 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, December 16th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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.