Penobscot Investment Management Company Inc. cut its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,075 shares of the company’s stock after selling 300 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares Select Dividend ETF were worth $306,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ellis Investment Partners LLC increased its position in shares of iShares Select Dividend ETF by 10,131.5% during the first quarter. Ellis Investment Partners LLC now owns 17,238,370 shares of the company’s stock valued at $17,238,000 after purchasing an additional 17,069,887 shares during the period. Joseph P. Lucia & Associates LLC bought a new stake in shares of iShares Select Dividend ETF during the first quarter valued at approximately $7,736,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of iShares Select Dividend ETF during the first quarter valued at approximately $21,978,000. First Republic Investment Management Inc. increased its position in shares of iShares Select Dividend ETF by 21.6% during the first quarter. First Republic Investment Management Inc. now owns 643,769 shares of the company’s stock valued at $63,205,000 after purchasing an additional 114,203 shares during the period. Finally, Boston Private Wealth LLC bought a new stake in shares of iShares Select Dividend ETF during the second quarter valued at approximately $9,895,000.

Shares of DVY traded up $1.43 on Friday, reaching $96.69. 391,800 shares of the stock traded hands, compared to its average volume of 629,668. iShares Select Dividend ETF has a 12 month low of $84.62 and a 12 month high of $102.54. The stock’s 50-day moving average price is $99.55 and its 200-day moving average price is $98.55.

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.

Further Reading: Municipal Bonds

Want to see what other hedge funds are holding DVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Select Dividend ETF (NASDAQ:DVY).

Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

Receive News & Ratings for iShares Select Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Select Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.