Peapack Gladstone Financial Corp Sells 4,143 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Peapack Gladstone Financial Corp lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,059 shares of the company’s stock after selling 4,143 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in iShares Select Dividend ETF were worth $2,370,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC increased its holdings in iShares Select Dividend ETF by 194,486.4% in the fourth quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after purchasing an additional 24,476,112 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $156,322,000. Miller Howard Investments Inc. NY raised its position in shares of iShares Select Dividend ETF by 369.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock valued at $65,504,000 after acquiring an additional 392,667 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares Select Dividend ETF by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after acquiring an additional 314,358 shares during the last quarter. Finally, Moment Partners LLC acquired a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $34,741,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $120.52 on Tuesday. The firm’s fifty day moving average is $133.99 and its two-hundred day moving average is $134.92. The firm has a market cap of $17.93 billion, a PE ratio of 14.65 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were paid a dividend of $1.0495 per share. The ex-dividend date was Tuesday, March 18th.

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.