Puff Wealth Management LLC Takes Position in iShares Select Dividend ETF $DVY

Puff Wealth Management LLC bought a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,200 shares of the company’s stock, valued at approximately $500,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth about $25,000. Elevated Capital Advisors LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $26,000. Miller Capital Partners Inc. purchased 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 in the 1st quarter worth approximately $33,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.5%

DVY opened at $161.94 on Friday. The stock has a market cap of $23.59 billion, a PE ratio of 13.69 and a beta of 0.66. The business has a 50 day moving average of $158.54 and a 200-day moving average of $154.70. iShares Select Dividend ETF has a 52 week low of $135.45 and a 52 week high of $166.79.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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. This represents a $4.99 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th.

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.