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

Concourse Financial Group Securities Inc. lessened its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,405 shares of the company’s stock after selling 1,900 shares during the period. Concourse Financial Group Securities Inc.’s holdings in iShares Select Dividend ETF were worth $2,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DVY. International Assets Investment Management LLC raised its position in iShares Select Dividend ETF by 12,638.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after acquiring an additional 2,388,510 shares during the period. Comerica Bank purchased a new position in iShares Select Dividend ETF during the third quarter valued at $61,160,000. Raymond James Financial Services Advisors Inc. grew its holdings in iShares Select Dividend ETF by 47.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 759,253 shares of the company’s stock valued at $93,525,000 after purchasing an additional 243,579 shares during the period. Miller Howard Investments Inc. NY increased its position in iShares Select Dividend ETF by 110.0% in the fourth quarter. Miller Howard Investments Inc. NY now owns 403,081 shares of the company’s stock worth $47,249,000 after buying an additional 211,112 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of iShares Select Dividend ETF by 5.9% in the fourth quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock worth $176,469,000 after buying an additional 84,251 shares during the period. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock traded down $0.56 during trading hours on Friday, reaching $119.99. 359,241 shares of the company traded hands, compared to its average volume of 511,628. The firm has a 50-day moving average price of $122.01 and a 200 day moving average price of $119.18. The company has a market cap of $18.00 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $125.99.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were given a $0.9304 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.10%.

About iShares Select Dividend ETF

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.