Peak Planning Group LLC Invests $468,000 in iShares Select Dividend ETF $DVY

Peak Planning Group LLC acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,313 shares of the company’s stock, valued at approximately $468,000.

Several other hedge funds have also modified their holdings of the company. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $26,000. Ransom Advisory Ltd bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $27,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at approximately $34,000. Headlands Technologies LLC bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at approximately $38,000. Finally, Jessup Wealth Management Inc bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $38,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $158.84 on Friday. The company has a market cap of $23.37 billion, a P/E ratio of 13.69 and a beta of 0.66. The business’s 50 day moving average price is $153.55 and its 200-day moving average price is $150.16. iShares Select Dividend ETF has a fifty-two week low of $129.36 and a fifty-two week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $1.1493 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 annualized dividend and a dividend yield of 2.9%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.