4,679 Shares in iShares Select Dividend ETF $DVY Purchased by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,679 shares of the company’s stock, valued at approximately $660,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after purchasing an additional 256,434 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Select Dividend ETF by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 1,549,408 shares of the company’s stock valued at $220,171,000 after acquiring an additional 24,718 shares in the last quarter. UBS Group AG increased its holdings in shares of iShares Select Dividend ETF by 10.0% during the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock valued at $164,130,000 after acquiring an additional 104,866 shares in the last quarter. Miller Howard Investments Inc. NY increased its holdings in shares of iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after acquiring an additional 445,910 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of iShares Select Dividend ETF by 3.4% during the third quarter. Mariner LLC now owns 406,282 shares of the company’s stock valued at $57,719,000 after acquiring an additional 13,444 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.9%

Shares of NASDAQ:DVY opened at $151.91 on Friday. iShares Select Dividend ETF has a twelve month low of $126.22 and a twelve month high of $160.38. The company’s 50 day moving average is $152.51 and its 200 day moving average is $146.92. The company has a market cap of $22.36 billion, a PE ratio of 13.69 and a beta of 0.71.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a $1.1493 dividend. This represents a $4.60 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, March 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.