iShares Select Dividend ETF (NASDAQ:DVY) Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 41.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,048 shares of the company’s stock after buying an additional 28,666 shares during the period. Pinnacle Financial Partners Inc owned about 0.07% of iShares Select Dividend ETF worth $12,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise boosted its holdings in iShares Select Dividend ETF by 10.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock valued at $108,000 after purchasing an additional 73 shares during the last quarter. JDM Financial Group LLC lifted its holdings in shares of iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after acquiring an additional 75 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of iShares Select Dividend ETF by 17.9% in the 4th quarter. Richardson Financial Services Inc. now owns 494 shares of the company’s stock worth $65,000 after acquiring an additional 75 shares during the last quarter. Unionview LLC lifted its holdings in shares of iShares Select Dividend ETF by 0.7% in the 3rd quarter. Unionview LLC now owns 11,151 shares of the company’s stock worth $1,506,000 after acquiring an additional 76 shares during the last quarter. Finally, CMG Global Holdings LLC lifted 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 worth $2,335,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $136.69 on Friday. The firm’s 50 day moving average price is $133.51 and its 200-day moving average price is $134.33. iShares Select Dividend ETF has a one year low of $115.02 and a one year high of $144.09. The firm has a market cap of $20.32 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid 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.