AF Advisors Inc. Has $361,000 Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

AF Advisors Inc. lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 9.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,984 shares of the company’s stock after selling 310 shares during the quarter. iShares Select Dividend ETF accounts for approximately 0.1% of AF Advisors Inc.’s investment portfolio, making the stock its 13th biggest position. AF Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Johnson Financial Group Inc. increased its stake in iShares Select Dividend ETF by 20.0% during the 4th quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock worth $897,000 after acquiring an additional 1,278 shares during the period. Capital Asset Advisory Services LLC increased its position in shares of iShares Select Dividend ETF by 1.5% in the first quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock worth $894,000 after purchasing an additional 107 shares during the period. Dodds Wealth LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at about $909,000. Brookstone Capital Management lifted its position in iShares Select Dividend ETF by 3.9% during the first quarter. Brookstone Capital Management now owns 2,752 shares of the company’s stock worth $339,000 after purchasing an additional 103 shares during the period. Finally, NBC Securities Inc. grew its stake in iShares Select Dividend ETF by 2.2% during the first quarter. NBC Securities Inc. now owns 14,097 shares of the company’s stock worth $1,736,000 after buying an additional 299 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 1.1 %

DVY stock opened at $131.21 on Friday. The company’s 50-day moving average price is $127.66 and its two-hundred day moving average price is $123.06. The firm has a market cap of $19.50 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $134.39.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were paid a $0.9304 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a yield of 2.84%.

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.