ProShares S&P 500 Dividend Aristocrats Index ETF (NOBL), a $4 billion ETF, tracks this S&P 500 dividend index. As of January 25, Consumer Staples (23%) and Industrials (22%) were the two largest sectors with Financials (10%) the sixth largest. Kimberly Clark (KMB) and Procter & Gamble (PG) were among the larger consumer staples positions that earn above-average S&P Global Market Intelligence Quality Rankings, which measure the growth and quality of earnings and dividends over the past 10 years.
CFRA, which rates ETFs, based on a combination of holdings level analysis and fund traits has an Overweight rating on NOBL. The ETF charges a 0.35% expense ratio and trading more than 1 million shares on a daily basis with a tight penny bid/ask spread.
Todd Rosenbluth is Director of ETF & Mutual Fund Research at CFRA.
This article was originally published on MarketScope Advisor on January 28, 2019. Visit https://newpublic.cfraresearch.com/ to gain access.