Cullen Sells 1.4 Million Dow Shares Worth $39.7 Million Amid Steep Stock Decline

Cullen Capital Management, LLC disclosed a significant sale of Dow(NYSE:DOW) on Friday, reducing its position by nearly 1.4 million shares in a transaction worth an estimated $39.71 million based on average prices for the quarter.New York-based Cullen Capital Management, LLC disclosed in a Tuesday filing with the Securities and Exchange Commission that its position in chemicals giant Dow decreased by nearly 1.4 million shares between March 31 and June 30. The estimated trade size was valued at $39.7 million based on the average price over the quarter. The fund’s remaining stake stands at nearly 3.2 million shares, valued at $84.3 million as of June 30.This was a sell transaction, reducing the firm's DOW holdings to 0.96% of reportable assets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool