Cullen Enhanced Equity Income ETF (DIVP)
Cullen Enhanced Equity Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $27.64, up 0.29% on the session, giving a market capitalisation of $55.0M. Its beta of 0.33 implies it has historically moved less than the broad market.
Under typical market conditions, the fund commits at least 80% of its total assets, including any capital borrowed for investment, to common stocks that yield dividends. To generate additional income for the portfolio, the fund also selectively writes (sells) covered call options, aiming to cover 25% to 40% of its underlying equity holdings. Crucially, the fund's emphasis on fundamental "value" in its security selection process always takes precedence over the potential income derived from writing options.
Cullen Enhanced Equity Income ETF is most often compared with the following Financial Services names: