Highland Capital Management LLC trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,636 shares of the company’s stock after selling 3,437 shares during the quarter. Highland Capital Management LLC’s holdings in iShares Select Dividend ETF were worth $7,146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bank of Montreal Can acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $103,526,000. Northside Capital Management LLC acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $78,203,000. Envestnet Asset Management Inc. lifted its position in shares of iShares Select Dividend ETF by 48.5% in the second quarter. Envestnet Asset Management Inc. now owns 927,553 shares of the company’s stock valued at $90,661,000 after buying an additional 302,929 shares during the last quarter. First American Trust FSB acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $24,490,000. Finally, Miller Howard Investments Inc. NY lifted its position in shares of iShares Select Dividend ETF by 292.8% in the second quarter. Miller Howard Investments Inc. NY now owns 255,338 shares of the company’s stock valued at $24,957,000 after buying an additional 190,336 shares during the last quarter.

Shares of DVY traded down $0.30 during mid-day trading on Wednesday, reaching $97.37. The company’s stock had a trading volume of 389,035 shares, compared to its average volume of 629,666. iShares Select Dividend ETF has a 1-year low of $91.67 and a 1-year high of $102.54.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Thursday, September 27th were given a $0.859 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, September 26th.

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.

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

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