Planned Solutions Inc. Acquires Shares of 8,567 iShares Select Dividend ETF (NASDAQ:DVY)

Planned Solutions Inc. acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,567 shares of the company’s stock, valued at approximately $1,004,000. iShares Select Dividend ETF makes up about 0.5% of Planned Solutions Inc.’s holdings, making the stock its 22nd largest holding.

A number of other large investors have also recently made changes to their positions in DVY. Moneta Group Investment Advisors LLC lifted its stake in shares of iShares Select Dividend ETF by 107,178.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 75,921,028 shares of the company’s stock valued at $9,156,076,000 after buying an additional 75,850,258 shares in the last quarter. Sowell Financial Services LLC lifted its stake in shares of iShares Select Dividend ETF by 7,874.8% in the first quarter. Sowell Financial Services LLC now owns 1,287,928 shares of the company’s stock valued at $113,110,000 after buying an additional 1,271,778 shares in the last quarter. Morgan Stanley lifted its stake in shares of iShares Select Dividend ETF by 12.1% in the fourth quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock valued at $922,406,000 after buying an additional 823,118 shares in the last quarter. Comerica Bank bought a new position in shares of iShares Select Dividend ETF in the third quarter valued at $61,160,000. Finally, Mariner LLC lifted its position in shares of iShares Select Dividend ETF by 143.2% during the first quarter. Mariner LLC now owns 653,145 shares of the company’s stock valued at $83,691,000 after purchasing an additional 384,543 shares in the last quarter. 47.25% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

DVY opened at $122.44 on Thursday. The company’s 50-day moving average is $116.80 and its 200 day moving average is $113.21. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $122.45. The firm has a market capitalization of $19.33 billion, a P/E ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were given a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, March 21st.

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.