Raab & Moskowitz Asset Management LLC Buys 3,434 Shares of iShares Select Dividend ETF $DVY

Raab & Moskowitz Asset Management LLC grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 63,021 shares of the company’s stock after buying an additional 3,434 shares during the quarter. iShares Select Dividend ETF makes up approximately 2.0% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 13th largest holding. Raab & Moskowitz Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $8,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the stock. Parvin Asset Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $27,000. Financial Gravity Companies Inc. bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $29,000. Total Investment Management Inc. acquired a new stake in iShares Select Dividend ETF in the 2nd quarter worth approximately $29,000. Kilter Group LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter worth approximately $31,000. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF in the 2nd quarter worth approximately $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.2%

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

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th will be paid a $1.1493 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, March 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.