Shares of Target (NYSE: TGT) traded higher Wednesday after the retailer boosted its quarterly dividend by 20%. Vanguard Dividend Appreciation ETF (NYSEArca: VIG) has the largest position in Target among dividend-themed exchange traded funds.
Target comprises 2.2% of the Vanguard dividend ETF’s portfolio, according to XTF.com.
The stock is also held in retail sector ETFs. Market Vectors Retail ETF (NYSEArca: RTH) has 5% in Target.
Dividend ETFs have been incredibly popular with investors seeking to boost yield in a low interest-rate environment with conservative equity funds. [Special Report: Surveying the Dividend ETF Landscape]