Concourse Financial Group Securities Inc. Raises Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Concourse Financial Group Securities Inc. raised its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,305 shares of the company’s stock after buying an additional 355 shares during the period. Concourse Financial Group Securities Inc.’s holdings in iShares Select Dividend ETF were worth $2,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $27,000. Parkside Financial Bank & Trust raised its position in shares of iShares Select Dividend ETF by 91.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after buying an additional 186 shares during the last quarter. JNBA Financial Advisors lifted its holdings in shares of iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after buying an additional 94 shares in the last quarter. Fortitude Family Office LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter valued at $57,000. Finally, Financial Connections Group Inc. bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $58,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY traded up $1.14 during midday trading on Thursday, hitting $124.04. 521,819 shares of the company traded hands, compared to its average volume of 553,310. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm has a 50 day moving average of $120.11 and a 200-day moving average of $115.73. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $124.06.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were paid a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Thursday, March 21st.

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.