Raab & Moskowitz Asset Management LLC Raises Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Raab & Moskowitz Asset Management LLC grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,280 shares of the company’s stock after acquiring an additional 1,065 shares during the quarter. iShares Select Dividend ETF comprises about 1.5% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 19th biggest holding. Raab & Moskowitz Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $5,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the period. ORG Wealth Partners LLC purchased a new position in iShares Select Dividend ETF in the third quarter worth about $36,000. JDM Financial Group LLC grew its stake in shares of iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares during the period. Weaver Capital Management LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $43,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.5 %

DVY opened at $134.48 on Thursday. The company’s 50 day moving average is $133.88 and its 200 day moving average is $134.06. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $112.42 and a 12-month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a dividend of $1.3164 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.