Ameriflex Group Inc. Grows Position in iShares Select Dividend ETF $DVY

Ameriflex Group Inc. grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 157.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,428 shares of the company’s stock after buying an additional 6,981 shares during the period. iShares Select Dividend ETF accounts for about 0.6% of Ameriflex Group Inc.’s holdings, making the stock its 26th biggest holding. Ameriflex Group Inc.’s holdings in iShares Select Dividend ETF were worth $1,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parvin Asset Management LLC acquired a new stake in shares of iShares Select Dividend ETF during the second quarter valued at about $27,000. Financial Gravity Companies Inc. purchased a new position in iShares Select Dividend ETF in the second quarter valued at $29,000. Total Investment Management Inc. purchased a new position in iShares Select Dividend ETF in the second quarter valued at $29,000. Kilter Group LLC acquired a new position in iShares Select Dividend ETF during the 2nd quarter worth $31,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of iShares Select Dividend ETF by 242.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.7%

Shares of NASDAQ:DVY opened at $152.42 on Friday. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $160.38. The firm’s 50 day moving average price is $150.73 and its 200 day moving average price is $144.49. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $1.6162 dividend. This represents a $6.46 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.