Fernwood Investment Management LLC reduced its position in iShares Select Dividend ETF (NASDAQ:DVY) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,400 shares of the company’s stock after selling 700 shares during the period. iShares Select Dividend ETF comprises approximately 1.4% of Fernwood Investment Management LLC’s holdings, making the stock its 16th biggest holding. Fernwood Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $2,628,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. HCR Wealth Advisors grew its stake in shares of iShares Select Dividend ETF by 119.0% during the 1st quarter. HCR Wealth Advisors now owns 11,028 shares of the company’s stock valued at $1,083,000 after buying an additional 5,993 shares during the period. Trust Co. of Virginia VA purchased a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at $215,000. Clarus Wealth Advisors grew its stake in shares of iShares Select Dividend ETF by 132.4% during the 2nd quarter. Clarus Wealth Advisors now owns 4,215 shares of the company’s stock valued at $420,000 after buying an additional 2,401 shares during the period. MML Investors Services LLC grew its stake in shares of iShares Select Dividend ETF by 7.4% during the 1st quarter. MML Investors Services LLC now owns 135,553 shares of the company’s stock valued at $13,309,000 after buying an additional 9,296 shares during the period. Finally, Valmark Advisers Inc. grew its stake in shares of iShares Select Dividend ETF by 6.7% during the 1st quarter. Valmark Advisers Inc. now owns 84,747 shares of the company’s stock valued at $8,320,000 after buying an additional 5,289 shares during the period.

Shares of NASDAQ:DVY traded up $0.13 during midday trading on Thursday, hitting $95.23. 4,430 shares of the company’s stock traded hands, compared to its average volume of 632,444. The firm has a fifty day moving average price of $99.65. iShares Select Dividend ETF has a twelve month low of $84.62 and a twelve month high of $102.54.

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.

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

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