Pinion Investment Advisors LLC Raises Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Pinion Investment Advisors LLC boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 42.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,328 shares of the company’s stock after buying an additional 5,161 shares during the period. iShares Select Dividend ETF makes up 0.9% of Pinion Investment Advisors LLC’s holdings, making the stock its 23rd largest position. Pinion Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Banque Cantonale Vaudoise increased its holdings in shares of iShares Select Dividend ETF by 10.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock worth $108,000 after buying an additional 73 shares during the last quarter. JDM Financial Group LLC raised its stake in shares of iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after acquiring an additional 75 shares in the last quarter. Richardson Financial Services Inc. grew its position in shares of iShares Select Dividend ETF by 17.9% during the fourth quarter. Richardson Financial Services Inc. now owns 494 shares of the company’s stock worth $65,000 after buying an additional 75 shares in the last quarter. Unionview LLC lifted its position in shares of iShares Select Dividend ETF by 0.7% during the 3rd quarter. Unionview LLC now owns 11,151 shares of the company’s stock worth $1,506,000 after purchasing an additional 76 shares during the last quarter. Finally, CMG Global Holdings LLC increased its holdings in shares of iShares Select Dividend ETF by 0.5% in the 3rd quarter. CMG Global Holdings LLC now owns 17,284 shares of the company’s stock valued at $2,335,000 after acquiring an additional 80 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.5 %

Shares of NASDAQ:DVY opened at $137.45 on Tuesday. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09. The company has a market capitalization of $20.43 billion, a PE ratio of 16.35 and a beta of 0.87. The firm has a 50 day simple moving average of $134.12 and a 200-day simple moving average of $134.99.

iShares Select Dividend ETF Cuts Dividend

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

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.