21,130 Shares in iShares Select Dividend ETF $DVY Acquired by Cullen Capital Management LLC

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

Several other hedge funds also recently added to or reduced their stakes in DVY. Northwestern Mutual Wealth Management Co. increased its stake in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after purchasing an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY increased its stake in iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after purchasing an additional 445,910 shares during the last quarter. Bank of America Corp DE increased its stake in iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in iShares Select Dividend ETF by 526.0% in the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock valued at $24,091,000 after purchasing an additional 152,417 shares during the last quarter. Finally, UBS Group AG increased its stake in iShares Select Dividend ETF by 10.0% in the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock valued at $164,130,000 after purchasing an additional 104,866 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 1.2%

Shares of iShares Select Dividend ETF stock opened at $158.84 on Friday. The firm 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 52 week low of $129.36 and a 52 week high of $160.38. The firm’s 50 day moving average is $153.55 and its two-hundred day moving average is $150.16.

iShares Select Dividend ETF Cuts Dividend

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

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