Raab & Moskowitz Asset Management LLC Grows Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Raab & Moskowitz Asset Management LLC grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 45,280 shares of the company’s stock after purchasing an additional 1,065 shares during the period. iShares Select Dividend ETF comprises approximately 1.5% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 19th largest position. Raab & Moskowitz Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $5,945,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in iShares Select Dividend ETF by 17,525.9% during the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after acquiring an additional 4,348,183 shares during the period. LPL Financial LLC lifted its position in shares of iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after purchasing an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Select Dividend ETF by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares during the period. Raymond James & Associates boosted its stake in shares of iShares Select Dividend ETF by 2.9% during the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after purchasing an additional 16,512 shares during the period. Finally, Miller Howard Investments Inc. NY grew its holdings in shares of iShares Select Dividend ETF by 369.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after purchasing an additional 392,667 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

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

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF 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.