Pinnacle Financial Partners Inc Boosts Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Pinnacle Financial Partners Inc raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 41.9% in the 4th quarter, Holdings Channel reports. The fund owned 97,048 shares of the company’s stock after acquiring an additional 28,666 shares during the period. Pinnacle Financial Partners Inc’s holdings in iShares Select Dividend ETF were worth $12,741,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Creative Capital Management Investments LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $33,000. Roxbury Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $38,000. JDM Financial Group LLC grew its holdings in shares of iShares Select Dividend ETF by 33.3% during the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after buying an additional 75 shares in the last quarter. Finally, Weaver Capital Management LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $136.69 on Friday. The company’s 50 day simple moving average is $133.51 and its 200 day simple moving average is $134.33. iShares Select Dividend ETF has a 1 year low of $115.02 and a 1 year high of $144.09. The stock has a market capitalization of $20.32 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

iShares Select Dividend ETF Company 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.