Pines Wealth Management LLC Takes $359,000 Position in iShares Select Dividend ETF (NASDAQ:DVY)

Pines Wealth Management LLC bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,790 shares of the company’s stock, valued at approximately $359,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DVY. Brown Brothers Harriman & Co. lifted its holdings in shares of iShares Select Dividend ETF by 11.4% during the second quarter. Brown Brothers Harriman & Co. now owns 5,339 shares of the company’s stock valued at $646,000 after purchasing an additional 545 shares during the last quarter. One Capital Management LLC lifted its stake in iShares Select Dividend ETF by 72.0% during the second quarter. One Capital Management LLC now owns 3,910 shares of the company’s stock valued at $473,000 after buying an additional 1,637 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of iShares Select Dividend ETF by 7.2% in the second quarter. Moors & Cabot Inc. now owns 5,997 shares of the company’s stock worth $725,000 after buying an additional 404 shares during the period. Edgestream Partners L.P. purchased a new position in shares of iShares Select Dividend ETF in the second quarter worth approximately $223,000. Finally, Stock Yards Bank & Trust Co. raised its holdings in shares of iShares Select Dividend ETF by 14.5% during the second quarter. Stock Yards Bank & Trust Co. now owns 13,617 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,722 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $132.80 on Thursday. The company has a 50 day moving average price of $136.10 and a 200 day moving average price of $132.62. iShares Select Dividend ETF has a 52 week low of $112.42 and a 52 week high of $144.09. The firm has a market capitalization of $20.22 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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

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.