Farther Finance Advisors LLC increased its position in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 109.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 36,978 shares of the company’s stock after buying an additional 19,283 shares during the quarter. Farther Finance Advisors LLC’s holdings in Cullen Enhanced Equity Income ETF were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.
Cullen Enhanced Equity Income ETF Trading Up 0.8%
NYSEARCA DIVP opened at $27.11 on Friday. Cullen Enhanced Equity Income ETF has a 12 month low of $24.11 and a 12 month high of $28.12. The stock has a market cap of $63.17 million, a price-to-earnings ratio of 14.21 and a beta of 0.33. The company’s 50 day moving average is $27.11 and its two-hundred day moving average is $26.90.
Cullen Enhanced Equity Income ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a $0.1868 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.3%. This is a boost from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079. The ex-dividend date of this dividend was Tuesday, September 29th.
Cullen Enhanced Equity Income ETF Company Profile
The Cullen Enhanced Equity Income ETF (DIVP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in large- and mid-cap US stocks with high-dividend value characteristics, while also employing covered call strategy for additional income. DIVP was launched on Mar 6, 2024 and is issued by Cullen.
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