Coppell Advisory Solutions Corp. Invests $465,000 in iShares Select Dividend ETF (NASDAQ:DVY)

Coppell Advisory Solutions Corp. bought a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,775 shares of the company’s stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DVY. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of iShares Select Dividend ETF by 3.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after purchasing an additional 96 shares during the period. PFG Advisors raised its position in iShares Select Dividend ETF by 3.5% during the fourth quarter. PFG Advisors now owns 10,622 shares of the company’s stock valued at $1,245,000 after acquiring an additional 363 shares in the last quarter. Pinnacle Financial Partners Inc lifted its stake in iShares Select Dividend ETF by 0.8% in the fourth quarter. Pinnacle Financial Partners Inc now owns 73,232 shares of the company’s stock valued at $8,584,000 after acquiring an additional 607 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in iShares Select Dividend ETF by 27.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 9,692 shares of the company’s stock worth $1,136,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Private Ocean LLC increased its stake in shares of iShares Select Dividend ETF by 21.9% during the 4th quarter. Private Ocean LLC now owns 5,568 shares of the company’s stock worth $653,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.7 %

NASDAQ DVY traded down $0.97 during midday trading on Thursday, hitting $129.13. The company had a trading volume of 214,158 shares, compared to its average volume of 502,375. The firm has a fifty day simple moving average of $123.14 and a two-hundred day simple moving average of $120.34. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $131.00.

iShares Select Dividend ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.9304 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Tuesday, June 11th.

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.