Raab & Moskowitz Asset Management LLC Has $8.96 Million Stock Position in iShares Select Dividend ETF $DVY

Raab & Moskowitz Asset Management LLC raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,021 shares of the company’s stock after purchasing an additional 3,434 shares during the quarter. iShares Select Dividend ETF makes up approximately 2.0% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 13th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $8,955,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DVY. Parvin Asset Management LLC acquired a new stake in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $27,000. Financial Gravity Companies Inc. bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $29,000. Total Investment Management Inc. acquired a new position in iShares Select Dividend ETF in the second quarter worth approximately $29,000. Kilter Group LLC acquired a new position in iShares Select Dividend ETF in the second quarter worth approximately $31,000. Finally, Allspring Global Investments Holdings LLC raised its position in iShares Select Dividend ETF by 242.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after acquiring an additional 182 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.2%

NASDAQ DVY opened at $150.86 on Wednesday. The stock has a market capitalization of $22.00 billion, a PE ratio of 13.69 and a beta of 0.77. The company has a 50 day moving average price of $151.92 and a two-hundred day moving average price of $145.05. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.1493 per share. The ex-dividend date is Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%.

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