Planned Solutions Inc. Takes $1 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Planned Solutions Inc. bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,567 shares of the company’s stock, valued at approximately $1,004,000. iShares Select Dividend ETF comprises approximately 0.5% of Planned Solutions Inc.’s holdings, making the stock its 22nd biggest holding.

Several other large investors have also recently bought and sold shares of the business. CGC Financial Services LLC purchased a new position in shares of iShares Select Dividend ETF during the second quarter worth about $27,000. Tyler Stone Wealth Management acquired a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $28,000. Almanack Investment Partners LLC. acquired a new stake in shares of iShares Select Dividend ETF during the third quarter worth about $35,000. Financial Freedom LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $45,000. Finally, JNBA Financial Advisors lifted its position in iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 47.25% of the company’s stock.

iShares Select Dividend ETF Stock Up 2.3 %

Shares of NASDAQ:DVY opened at $122.44 on Thursday. The company has a market cap of $19.33 billion, a P/E ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $122.45. The company has a 50-day moving average price of $116.80 and a 200 day moving average price of $113.21.

iShares Select Dividend ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were given a dividend of $0.9976 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.26%.

iShares Select Dividend ETF Company 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.