DGRW’s approach to dividend growth is new compared to older dividend ETFs as highlighted by its 21.1% weight to the technology sector. That tech exposure is high relative to dividend ETFs with longer track records, particularly those that encompass dividend increase streaks as part of their weighting methodology, something DGRW does not do. [Dividend Growth ETF Grows Up]
Of DGRW’s top-25 holdings, seven are technology names.
The ProShares S&P 500 Aristocrats ETF (NYSEArca: NOBL) added almost $97.1 million in new assets last quarter, jaw-dropping growth when considering the fund had $120 million in assets under management at the end of the first quarter. http://www.proshares.com/media/documents/ProSharesFactSheetNOBL.pdf
NOBL tracks the S&P 500 Dividend Aristocrats Index, which only includes companies that have increased their dividends for at least 25 consecutive years. NOBL, which has a 30-day SEC yield of 1.91%, hit a new all-time earlier today after gaining 3.7% in the second quarter.
Schwab US Dividend Equity ETF
Tom Lydon’s clients own shares of SCHD. Todd Shriber owns shares of DGRW.