Cullen Capital Management LLC Makes New $3.43 Million Investment in iShares Select Dividend ETF (NASDAQ:DVY)

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

A number of other large investors have also made changes to their positions in DVY. FMR LLC raised its stake in iShares Select Dividend ETF by 19.9% during the third quarter. FMR LLC now owns 137,441 shares of the company’s stock worth $18,564,000 after purchasing an additional 22,833 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 3rd quarter worth approximately $1,492,000. Chevy Chase Trust Holdings LLC purchased a new stake in shares of iShares Select Dividend ETF during the 3rd quarter valued at approximately $201,000. IHT Wealth Management LLC lifted its holdings in 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 acquiring an additional 1,436 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in iShares Select Dividend ETF in the third quarter worth 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 %

NASDAQ:DVY opened at $122.07 on Friday. iShares Select Dividend ETF has a 52 week low of $115.43 and a 52 week high of $144.09. The company has a market capitalization of $18.20 billion, a P/E ratio of 14.65 and a beta of 0.78. The stock’s fifty day moving average is $134.31 and its two-hundred day moving average is $135.02.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Investors 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 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.