ETF Spotlight on the iShares High Dividend Equity ETF (NYSEArca: HDV), part of an ongoing series.
Assets: $1.69 billion.
Objective: The iShares High Dividend Equity Fund tries to reflect the performance of the Morningstar Dividend Yield Focus Index, which is comprised of U.S. equity securities of companies that have provided relatively high dividend yields on a consistent basis.
Holdings: AT&T (NYSE: T) 11.1%, Pfizer (NYSE: PFE) 7.8%, Johnson & Johnson (NYSE: JNJ) 6.9%, Verizon Communications (NYSE: VZ) 6.9% Philip Morris International (NYSE: PM) 6.1%.