Lastly, DIVI employs a type of guru-following strategy where the manager selects high conviction stocks of active mutual fund managers, and then screens for attractive dividend payers. [A Gorgeous Guru ETF]

However, potential investors should be aware that the fund is new and only has about $2.4 million in assets under management. So, traders should use limit orders to help better execute positions.

Moreover, the ETF shows a 0.99% expense ratio, which is more expensive than your average ETF, but not excessive for an actively managed ETF.

For more information on dividend stocks, visit our dividend ETFs category.

Max Chen contributed to this article.