DIVI also features robust international exposure with holdings such as Telecom New Zealand (PK: NZTCY), Baytex Energy (NYSE: BTE) and Ecopetrol (NYSE: EC), Colombia’s state-run oil company, among others.

“The need for shareholder yield is well known, however, most equity dividend funds focus on dividends first and stock selection second. DIVI aims to provide high yield to investors while taking a patented behavioral approach to stock selection,” said Noah Hamman, chief executive officer of AdvisorShares, in the statement.

Dividend increases among U.S. companies rose $12.6 billion in the April through June time frame, but that lags the $17.6 billion growth rate seen in the first quarter, according to S&P Dow Jones Indices.

ETF Trends editorial team contributed to this post.

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