Francis Financial Inc. Invests $206,000 in iShares Select Dividend ETF (NASDAQ:DVY)

Francis Financial Inc. bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,675 shares of the company’s stock, valued at approximately $206,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $27,000. Parkside Financial Bank & Trust raised its stake 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 worth $46,000 after buying an additional 186 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $49,000. Fortitude Family Office LLC bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $57,000. Finally, Financial Connections Group Inc. bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $58,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $120.98 on Monday. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $125.99. The company has a market capitalization of $18.38 billion, a PE ratio of 13.25 and a beta of 0.87. The company has a 50 day moving average price of $121.98 and a two-hundred day moving average price of $119.11.

iShares Select Dividend ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a $0.9304 dividend. This represents a $3.72 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, June 11th.

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.