Pineridge Advisors LLC Makes New $79,000 Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Pineridge Advisors LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 600 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds have also modified their holdings of DVY. Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. ORG Wealth Partners LLC acquired a new position in iShares Select Dividend ETF in the third quarter valued at $36,000. JDM Financial Group LLC raised its holdings 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 buying an additional 75 shares during the last quarter. Weaver Capital Management LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $43,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Select Dividend ETF during the fourth quarter worth about $52,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.2 %

Shares of DVY stock opened at $134.38 on Tuesday. The stock’s 50-day moving average price is $134.14 and its 200 day moving average price is $133.98. The stock has a market capitalization of $19.98 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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