FDVV tracks the Fidelity Core Dividend Index, which “is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends.”

“Over the past couple of years, the energy sector has been home to more negative dividend action than any other group in the S&P 500. However, this Fidelity ETF has identified some of the safer dividend payers from the energy patch, as highlighted by FDVV’s 18% weight to energy stocks, the largest sector weight for this Fidelity ETF,” according to InvestorPlace.

The new ETF allocates more than half its weight to consumer discretionary, energy and financial services stocks, a sector lineup that could help FDVV in the face of higher interest rates. At 12.1%, technology is the other sector that commands a double-digit weight in FDVV.

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