Pinnacle Associates Ltd. Grows Position in iShares Select Dividend ETF (NASDAQ:DVY)

Pinnacle Associates Ltd. boosted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,326 shares of the company’s stock after buying an additional 569 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Select Dividend ETF were worth $4,501,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Highline Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF during the 3rd quarter valued at $204,000. Pathway Financial Advisers LLC increased its position in shares of iShares Select Dividend ETF by 1.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,228 shares of the company’s stock valued at $841,000 after purchasing an additional 91 shares during the last quarter. Eagle Strategies LLC increased its position in shares of iShares Select Dividend ETF by 7.2% during the 3rd quarter. Eagle Strategies LLC now owns 16,377 shares of the company’s stock valued at $2,212,000 after purchasing an additional 1,100 shares during the last quarter. Fidelis Capital Partners LLC increased its position in shares of iShares Select Dividend ETF by 2.6% during the 3rd quarter. Fidelis Capital Partners LLC now owns 12,963 shares of the company’s stock valued at $1,756,000 after purchasing an additional 325 shares during the last quarter. Finally, GW Henssler & Associates Ltd. increased its position in shares of iShares Select Dividend ETF by 6.1% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 97,251 shares of the company’s stock valued at $13,136,000 after purchasing an additional 5,586 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $134.75 on Friday. The business has a 50-day moving average of $134.07 and a 200 day moving average of $127.14. iShares Select Dividend ETF has a fifty-two week low of $103.76 and a fifty-two week high of $137.26. The firm has a market cap of $20.09 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

About iShares Select Dividend ETF

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.