Raab & Moskowitz Asset Management LLC Boosts Stake in iShares Select Dividend ETF $DVY

Raab & Moskowitz Asset Management LLC increased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,238 shares of the company’s stock after purchasing an additional 8,898 shares during the period. iShares Select Dividend ETF makes up 2.5% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 10th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $11,240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Caitlin John LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $25,000. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $26,000. Miller Capital Partners Inc. bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $30,000. Main Street Group LTD bought a new position in shares of iShares Select Dividend ETF during the 1st quarter worth approximately $33,000. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $161.21 on Friday. The business’s fifty day moving average price is $157.88 and its two-hundred day moving average price is $154.17. iShares Select Dividend ETF has a fifty-two week low of $132.83 and a fifty-two week high of $166.79. The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.2472 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%.

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.