Cullen Capital Management LLC Takes Position in iShares Select Dividend ETF $DVY

Cullen Capital Management LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,130 shares of the company’s stock, valued at approximately $2,982,000.

Other large investors have also modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $26,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $27,000. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $34,000. Jessup Wealth Management Inc acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $38,000. Finally, Headlands Technologies LLC acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $38,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 1.2%

DVY stock opened at $158.84 on Friday. The company has a market capitalization of $23.37 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a twelve month low of $129.36 and a twelve month high of $160.38. The business has a 50 day simple moving average of $153.55 and a 200-day simple moving average of $150.16.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a dividend of $1.1493 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 annualized dividend and a dividend yield of 2.9%.

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