AF Advisors Inc. Trims Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

AF Advisors Inc. trimmed its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,898 shares of the company’s stock after selling 94 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 holding. AF Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DVY. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of 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 valued at $25,000 after purchasing an additional 150 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new position in iShares Select Dividend ETF in the fourth quarter valued at $27,000. Creative Capital Management Investments LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $33,000. Roxbury Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $38,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $36,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.1 %

NASDAQ DVY opened at $134.18 on Wednesday. The stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 15.96 and a beta of 0.87. The stock has a 50-day moving average of $134.66 and a 200 day moving average of $135.15. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.