Armstrong Fleming & Moore Inc Makes New Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Armstrong Fleming & Moore Inc bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 12,171 shares of the company’s stock, valued at approximately $1,634,000. iShares Select Dividend ETF accounts for 2.0% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisory LLC lifted its stake in shares of iShares Select Dividend ETF by 3.1% in the 4th quarter. Cornerstone Advisory LLC now owns 2,516 shares of the company’s stock valued at $341,000 after purchasing an additional 76 shares during the period. Unionview LLC lifted its stake in shares of iShares Select Dividend ETF by 0.7% in the 4th quarter. Unionview LLC now owns 11,234 shares of the company’s stock valued at $1,475,000 after purchasing an additional 83 shares during the period. NorthCrest Asset Manangement LLC lifted its stake 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 purchasing an additional 83 shares during the period. Apollon Financial LLC lifted its stake in shares of iShares Select Dividend ETF by 1.2% in the 4th quarter. Apollon Financial LLC now owns 7,713 shares of the company’s stock valued at $1,013,000 after purchasing an additional 90 shares during the period. Finally, Pathway Financial Advisers LLC lifted its stake in shares of iShares Select Dividend ETF by 1.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 6,318 shares of the company’s stock valued at $829,000 after purchasing an additional 90 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $130.33 on Friday. The company has a market capitalization of $19.28 billion, a price-to-earnings ratio of 15.12 and a beta of 0.87. The business’s 50-day moving average is $128.48 and its 200-day moving average is $132.79. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF Company 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.