Raab & Moskowitz Asset Management LLC Purchases 8,020 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Raab & Moskowitz Asset Management LLC grew its position in iShares Select Dividend ETF (NASDAQ:DVY) by 23.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,844 shares of the company’s stock after acquiring an additional 8,020 shares during the quarter. iShares Select Dividend ETF accounts for about 1.4% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 20th largest position. Raab & Moskowitz Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $5,183,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DVY. Addison Advisors LLC boosted its holdings in iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $30,000. ORG Partners LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $32,000. Family Firm Inc. bought a new stake in iShares Select Dividend ETF in the second quarter valued at $36,000. Finally, Triad Wealth Partners LLC acquired a new position in iShares Select Dividend ETF during the second quarter worth $40,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $134.74 on Friday. The company’s fifty day moving average is $130.75 and its 200-day moving average is $124.72. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $136.36. The company has a market capitalization of $20.03 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th will be given a $1.5496 dividend. The ex-dividend date of this dividend is Wednesday, September 25th.

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.