Puff Wealth Management LLC Invests $500,000 in iShares Select Dividend ETF $DVY

Puff Wealth Management LLC bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,200 shares of the company’s stock, valued at approximately $500,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Archer Investment Corp increased its position in iShares Select Dividend ETF by 0.9% during the fourth quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock worth $1,106,000 after purchasing an additional 69 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in iShares Select Dividend ETF by 1.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after purchasing an additional 69 shares during the last quarter. Harbor Asset Planning Inc. grew its stake in shares of iShares Select Dividend ETF by 3.4% in the 1st quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock valued at $333,000 after buying an additional 72 shares during the period. Journey Advisory Group LLC grew its stake in shares of iShares Select Dividend ETF by 0.8% in the 4th quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock valued at $1,368,000 after buying an additional 75 shares during the period. Finally, Cambridge Advisors Inc. increased its holdings in shares of iShares Select Dividend ETF by 2.2% during the 1st quarter. Cambridge Advisors Inc. now owns 3,525 shares of the company’s stock worth $534,000 after buying an additional 75 shares during the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $161.94 on Friday. The company has a market capitalization of $23.59 billion, a P/E ratio of 13.69 and a beta of 0.66. The company has a 50 day simple moving average of $158.54 and a 200-day simple moving average of $154.70. iShares Select Dividend ETF has a 1 year low of $135.45 and a 1 year high of $166.79.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is a positive change 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%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.