The First Trust RBA Quality Income ETF will track the Richard Bernstein Advisors Quality Income Index.  “The index attempts to control the risks associated with investing in higher-yielding stocks, yet maintain attractive current income. RBA believes stocks with extremely high dividend yields should be viewed cautiously,” according to the statement.

“Dividend-payers have historically outperformed non-payers. Dividend payers in the S&P 500 Index have outperformed non-dividend payers in 19 out of the last 30 years since 1984,a period which included both rising and falling markets. Dividend payers had a negative return in only 3 of the 30 years versus 9 years of negative performance for the non-payers,” First Trust notes in QINC’s fact sheet.

Illinois-based First Trust bolstered its lineup of dividend offerings earlier this year with the debut of the First Trust NASDAQ Rising Dividend Achievers ETF (NasdaqGM: RDVY).

Both new ETFs will charge 0.7% per year.

ETF Trends editorial team contributed to this post.