Pinnacle Family Advisors LLC Grows Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Pinnacle Family Advisors LLC boosted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 175.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,459 shares of the company’s stock after acquiring an additional 9,846 shares during the period. iShares Select Dividend ETF accounts for about 1.1% of Pinnacle Family Advisors LLC’s investment portfolio, making the stock its 25th largest position. Pinnacle Family Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,088,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Addison Advisors LLC raised its stake in iShares Select Dividend ETF by 107.1% during the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in iShares Select Dividend ETF during the 2nd quarter valued at approximately $30,000. ORG Partners LLC bought a new stake in shares of iShares Select Dividend ETF during the second quarter valued at approximately $32,000. Family Firm Inc. purchased a new position in shares of iShares Select Dividend ETF in the second quarter worth $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of iShares Select Dividend ETF during the third quarter worth $36,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $141.00 on Wednesday. The company has a market cap of $20.95 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09. The firm’s fifty day moving average is $136.80 and its two-hundred day moving average is $130.18.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were given a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.