DIVB, which holds nearly 400 stocks, allocates about 31% of its combined weight to the financial services and consumer discretionary sectors, two groups that have also been voracious buyers of their own shares in recent years. Healthcare and industrial names combine for 25.5% of the ETF’s roster.

DIVB charges 0.25% annually, or $25 on a $10,000 position.

For more on smart beta ETFs, visit our Smart Beta Channel.

Tom Lydon’s clients own shares of Apple and Microsoft.