A specialized dividend ETF that’s beating the S&P 500 this year saw record trading volume on Tuesday and what appears to be a rather large inflow.
Over 650,000 shares of ALPS Sector Dividend Dogs ETF (NYSEArca: SDOG) traded on Tuesday, nearly double the previous volume record.
Buyers were “picking away” at the ETF on Monday, according to a note from WallachBeth Capital. “That is [a]great inflow for this one.”
SDOG follows the S-Network Sector Dividend Dogs Index.
The benchmark selects stocks from the S&P 500. At the annual reconstitution, the index identifies the five highest-yielding stocks in each of the 10 sectors of the S&P 500. It is rebalanced on a quarterly basis to maintain 10% in each sector, and 2% in each of the 50 stocks.