That is a similar methodology to which SYLD adheres. That ETF, which debuted in mid-May, is home to 100 dividend payers that also buyback shares and are whittling down debt. [Faber Discusses New Shareholder Yield ETF]

Actively managed, SYLD allocated a combined 51% of its weight to the consumer discretionary, financial services and technology sectors at the end of the third quarter, according to issuer data. Top-10 holdings include Southwest Airlines (NYSE: LUV), GameStop (NYSE: GME) and Xerox (NYSE: XRX).

Cambria Shareholder Yield ETF

ETF Trends editorial team contributed to this post.