Pinnacle Bancorp Inc. Has $1.55 Million Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Pinnacle Bancorp Inc. decreased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,781 shares of the company’s stock after selling 175 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in iShares Select Dividend ETF were worth $1,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of iShares Select Dividend ETF during the third quarter worth about $36,000. JDM Financial Group LLC increased its stake in shares of iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 75 shares during the period. M&R Capital Management Inc. raised its holdings in iShares Select Dividend ETF by 1,455.0% in the 3rd quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock valued at $42,000 after buying an additional 291 shares during the last quarter. Finally, ORG Partners LLC boosted its position in iShares Select Dividend ETF by 331.9% during the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after buying an additional 375 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

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

iShares Select Dividend ETF Cuts Dividend

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