Cullen Enhanced Equity Income ETF Announces Monthly Dividend of $0.11 (NYSEARCA:DIVP)

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) announced a monthly dividend on Wednesday, February 25th. Shareholders of record on Thursday, February 26th will be paid a dividend of 0.1128 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, February 26th.

Cullen Enhanced Equity Income ETF Price Performance

Shares of NYSEARCA:DIVP traded down $0.08 during mid-day trading on Thursday, reaching $27.11. 110 shares of the company were exchanged, compared to its average volume of 8,824. Cullen Enhanced Equity Income ETF has a 1 year low of $22.79 and a 1 year high of $27.65. The firm’s 50-day simple moving average is $26.30 and its 200 day simple moving average is $25.54. The firm has a market cap of $44.74 million, a price-to-earnings ratio of 14.21 and a beta of 0.38.

Institutional Investors Weigh In On Cullen Enhanced Equity Income ETF

Several institutional investors and hedge funds have recently modified their holdings of DIVP. Farther Finance Advisors LLC lifted its stake in Cullen Enhanced Equity Income ETF by 4.4% during the 4th quarter. Farther Finance Advisors LLC now owns 32,109 shares of the company’s stock worth $815,000 after acquiring an additional 1,360 shares in the last quarter. Millstone Evans Group LLC increased its stake in Cullen Enhanced Equity Income ETF by 81.9% during the third quarter. Millstone Evans Group LLC now owns 7,484 shares of the company’s stock worth $189,000 after purchasing an additional 3,370 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Cullen Enhanced Equity Income ETF during the third quarter worth about $220,000.

About Cullen Enhanced Equity Income ETF

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.