Pettinga Financial Advisors LLC Makes New $202,000 Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Pettinga Financial Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,725 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DVY. WASHINGTON TRUST Co boosted its holdings in iShares Select Dividend ETF by 3,475.0% in the fourth quarter. WASHINGTON TRUST Co now owns 14,300 shares of the company’s stock worth $1,676,000 after purchasing an additional 13,900 shares in the last quarter. Next Level Private LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $220,000. Planned Solutions Inc. bought a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $1,004,000. Columbia Trust Co 01012016 acquired a new stake in iShares Select Dividend ETF in the 4th quarter worth approximately $205,000. Finally, SignalPoint Asset Management LLC boosted its position in iShares Select Dividend ETF by 3.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 9,396 shares of the company’s stock worth $1,101,000 after purchasing an additional 300 shares during the period. 47.25% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.8 %

Shares of NASDAQ:DVY traded up $0.98 during trading on Thursday, reaching $123.42. The stock had a trading volume of 340,867 shares, compared to its average volume of 598,085. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $123.42. The stock has a fifty day simple moving average of $116.80 and a two-hundred day simple moving average of $113.21. The firm has a market capitalization of $19.49 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, March 21st.

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.