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

Raab & Moskowitz Asset Management LLC boosted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,638 shares of the company’s stock after buying an additional 3,621 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $3,005,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in iShares Select Dividend ETF by 30.0% in the 3rd quarter. Signaturefd LLC now owns 1,864 shares of the company’s stock worth $201,000 after buying an additional 430 shares in the last quarter. TIAA Trust National Association boosted its position in iShares Select Dividend ETF by 4.7% during the 4th quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock worth $1,140,000 after acquiring an additional 437 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of iShares Select Dividend ETF by 14.2% in the third quarter. JFS Wealth Advisors LLC now owns 24,829 shares of the company’s stock worth $2,673,000 after purchasing an additional 3,078 shares in the last quarter. Park Place Capital Corp increased its holdings in shares of iShares Select Dividend ETF by 1.6% during the fourth quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after purchasing an additional 129 shares during the period. Finally, Ledge Wealth Management Inc. bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at about $202,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Down 0.3 %

DVY stock opened at $119.78 on Friday. The company has a 50-day simple moving average of $119.11 and a 200 day simple moving average of $114.89. The company has a market capitalization of $18.20 billion, a P/E ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, March 21st.

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.