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

AF Advisors Inc. trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984 shares of the company’s stock after selling 310 shares during the period. iShares Select Dividend ETF makes up approximately 0.1% of AF Advisors Inc.’s investment portfolio, making the stock its 13th largest holding. AF Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of DVY. Jane Street Group LLC grew its position in iShares Select Dividend ETF by 1,872.8% in the first quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock valued at $76,060,000 after purchasing an additional 586,170 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of iShares Select Dividend ETF by 400.3% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 315,140 shares of the company’s stock valued at $38,126,000 after acquiring an additional 252,150 shares in the last quarter. National Bank of Canada FI increased its position in shares of iShares Select Dividend ETF by 72.7% during the 2nd quarter. National Bank of Canada FI now owns 213,193 shares of the company’s stock worth $25,556,000 after purchasing an additional 89,727 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 728.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 73,108 shares of the company’s stock worth $9,005,000 after purchasing an additional 64,288 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of iShares Select Dividend ETF by 34.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 230,083 shares of the company’s stock valued at $26,970,000 after buying an additional 58,877 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $131.21 on Friday. The company has a market cap of $19.50 billion, a PE ratio of 13.25 and a beta of 0.87. The firm has a 50-day moving average of $127.66 and a 200-day moving average of $123.06. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $134.39.

iShares Select Dividend ETF Dividend Announcement

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

iShares Select Dividend ETF 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.