S&P Capital IQ rates EWA, which has almost $2 billion in assets under management, overweight.
The research firm also has an overweight rating on the WisdomTree LargeCap Dividend Fund (NYSEArca: DLN). DLN is one of Riverfront’s domestic equity income holdings.
In addition to pay a monthly dividend, DLN has one of the safest dividend coverage ratios among U.S. dividend ETFs.
DLN tracks the WisdomTree LargeCap Dividend Index (WTLDI), which “is dividend weighted annually to reflect the proportionate share of the aggregate cash dividends each component company is projected to pay in the coming year, based on the most recently declared dividend per share,” according to WisdomTree.
By not focusing on traditional dividend weighting metrics, such as length of payout increase streaks, DLN is able to deliver exposure to new sources of dividend growth while still offering conservative income investors robust allocations to familiar dividend sectors. On the growth front, technology and financial services combine for 30.6% of DLN’s weight with steady dividend sectors consumer staples, health care and energy combining for another 37%. [An Old Friend of a Dividend ETF]
Recently, Riverfront’s “portfolio held over 30 exchange traded products, though Jones noted Riverfront moderated its trading activity over the last 12 months due to the reduced equity market volatility. The Moderate Growth and Income Portfolio and other asset allocation strategies from the firm can be accessed on a number of wealth management and RIA platforms,” said S&P Capital IQ.
WisdomTree LargeCap Dividend Fund