Cullen Capital Management LLC Buys Shares of 26,100 iShares Select Dividend ETF (NASDAQ:DVY)

Cullen Capital Management LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,100 shares of the company’s stock, valued at approximately $3,427,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in iShares Select Dividend ETF by 19.9% during the 3rd quarter. FMR LLC now owns 137,441 shares of the company’s stock valued at $18,564,000 after acquiring an additional 22,833 shares during the period. Benjamin Edwards Inc. purchased a new stake in iShares Select Dividend ETF during the third quarter worth about $1,492,000. Chevy Chase Trust Holdings LLC acquired a new stake in shares of iShares Select Dividend ETF during the third quarter worth about $201,000. IHT Wealth Management LLC boosted its stake in shares of iShares Select Dividend ETF by 17.5% in the third quarter. IHT Wealth Management LLC now owns 9,636 shares of the company’s stock valued at $1,301,000 after purchasing an additional 1,436 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of iShares Select Dividend ETF in the third quarter valued at approximately $92,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 5.4 %

Shares of DVY opened at $122.07 on Friday. The company has a market cap of $18.20 billion, a P/E ratio of 14.65 and a beta of 0.78. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The firm’s 50 day moving average price is $134.31 and its 200 day moving average price is $135.02.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were given a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.