5 Overlooked Smart Beta Dividend ETFs Worth Buying Now
Zacks Investment Research | Feb 22, 2018 10:22PM ET
The prospect of higher-than-expected rates hike and rising bond yields have diminished the appeal of dividend stocks and ETFs. This is especially true given the robust January job data, which showed the fastest pace of wage growth in more than eight years, as well as the latest Fed minutes (read: QDEF
The product fund follows the Northern Trust (NASDAQ:NTRS) Quality Dividend Defensive Index, which offers exposure to a high-quality income-oriented portfolio of U.S. stocks with an emphasis on long-term capital growth and a beta higher than the Northern Trust 1250 Index. In total, the fund holds 163 stocks in its basket that are well spread out across securities, with each holding less than 4.02% of the assets. In terms of sector holdings, information technology, financials, consumer discretionary, health care and industrials are the top five sectors.
QDEF has $312.7 million and trades in a paltry volume of about 15,000 shares. It charges 37 bps in expense ratio. The fund has lost 1.8% in the year-to-date timeframe and has a dividend yield of 2.72% per annum.
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