Dividend ETF (NOBL) Hits New 52-Week High
Zacks Investment Research | Dec 16, 2021 09:30PM ET
For investors seeking momentum, ProShares S&P 500 Dividend Aristocrats ETF all the Large Cap Value ETFs here ).
h3 Why the Move?/h3The dividend corner of the broad investing world has been an area to watch lately given that it is a major source of consistent income for investors in any type of market. The dividend-focused products offer safety through payouts, and stability in the form of mature companies that are less volatile amid large swings in stock prices. This is because the companies that pay dividends act as a hedge against economic uncertainty and provide downside protection by offering outsized payouts or sizable yields regularly.
h3 More Gains Ahead?/h3Currently, NOBL has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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