Pinion Investment Advisors LLC Buys 5,161 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Pinion Investment Advisors LLC boosted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 42.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,328 shares of the company’s stock after acquiring an additional 5,161 shares during the period. iShares Select Dividend ETF accounts for 0.9% of Pinion Investment Advisors LLC’s portfolio, making the stock its 23rd largest position. Pinion Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DVY. Miller Howard Investments Inc. NY grew its holdings in shares of iShares Select Dividend ETF by 369.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after buying an additional 392,667 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock valued at $37,869,000 after buying an additional 246,540 shares during the period. Private Advisor Group LLC raised its stake in iShares Select Dividend ETF by 94.0% in the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock valued at $50,416,000 after buying an additional 186,055 shares during the period. Gilman Hill Asset Management LLC lifted its position in shares of iShares Select Dividend ETF by 1,439.1% in the fourth quarter. Gilman Hill Asset Management LLC now owns 161,377 shares of the company’s stock valued at $21,187,000 after buying an additional 150,892 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of iShares Select Dividend ETF by 4.6% in the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after purchasing an additional 64,620 shares during the period. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

DVY stock opened at $137.45 on Tuesday. The company has a market capitalization of $20.43 billion, a PE ratio of 16.35 and a beta of 0.87. The company’s 50-day simple moving average is $134.12 and its 200 day simple moving average is $134.99. iShares Select Dividend ETF has a 52 week low of $115.43 and a 52 week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.