Armstrong Advisory Group Inc. Has $124,000 Stock Holdings in iShares Select Dividend ETF $DVY

Armstrong Advisory Group Inc. lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 81.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 935 shares of the company’s stock after acquiring an additional 419 shares during the period. Armstrong Advisory Group Inc.’s holdings in iShares Select Dividend ETF were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. NorthCrest Asset Manangement LLC raised its position in shares of iShares Select Dividend ETF by 0.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 11,978 shares of the company’s stock valued at $1,573,000 after acquiring an additional 83 shares during the period. Murphy Middleton Hinkle & Parker Inc. increased its stake in iShares Select Dividend ETF by 0.3% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 32,178 shares of the company’s stock worth $4,318,000 after purchasing an additional 84 shares in the last quarter. Denver Wealth Management Inc. increased its stake in iShares Select Dividend ETF by 4.2% during the 1st quarter. Denver Wealth Management Inc. now owns 2,086 shares of the company’s stock worth $280,000 after purchasing an additional 85 shares in the last quarter. Fidelity D & D Bancorp Inc. increased its stake in iShares Select Dividend ETF by 5.7% during the 1st quarter. Fidelity D & D Bancorp Inc. now owns 1,729 shares of the company’s stock worth $232,000 after purchasing an additional 93 shares in the last quarter. Finally, Madrona Financial Services LLC increased its stake in iShares Select Dividend ETF by 2.6% during the 1st quarter. Madrona Financial Services LLC now owns 3,940 shares of the company’s stock worth $529,000 after purchasing an additional 98 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $140.02 on Tuesday. The business has a 50 day simple moving average of $138.67 and a 200 day simple moving average of $133.44. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The stock has a market cap of $20.53 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were paid a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.