Coastal Investment Advisors Inc. lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY – Get Rating) by 2.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,962 shares of the company’s stock after selling 109 shares during the period. Coastal Investment Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC increased its stake in shares of iShares Select Dividend ETF by 88.3% in the fourth quarter. Sound Income Strategies LLC now owns 226 shares of the company’s stock worth $28,000 after acquiring an additional 106 shares during the period. Tyler Stone Wealth Management acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $31,000. Rice Partnership LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $32,000. West Financial Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $37,000.
NASDAQ:DVY opened at $118.54 on Friday. iShares Select Dividend ETF has a 1-year low of $111.53 and a 1-year high of $133.33. The company’s fifty day moving average price is $124.96 and its 200-day moving average price is $124.65.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Friday, June 10th were given a dividend of $0.867 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $3.47 annualized dividend and a yield of 2.93%.
iShares Select Dividend ETF Company Profile (Get Rating)
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.
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