iShares, begun trading a new US Dividend and Buyback ETF, the iShares U.S. Dividend and Buyback ETF (Cboe: DIVB), on Thursday, November 09, 2017. Here is a synopsis of the new ETF:
FUND INFORMATION:
Symbol: DIVB | Exchange: CBOE |
Name: iShares U.S. Dividend and Buyback ETF | Net Expense Ratio: 0.25% |
FUND OBJECTIVE:
The iShares U.S. Dividend and Buyback ETF seeks to track the investment results of the Morningstar US Dividend and Buyback Index.
REFERENCE INDEX:
The Morningstar US Dividend and Buyback Index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks. The Underlying Index consists of companies with the largest dividend and buyback programs in the market measured by dollar value. In aggregate, Underlying Index constituents represent 90% of the total shareholder capital distributions from the companies in the Morningstar US Market Index. The Underlying Index is a subset of the Morningstar US Market Index, which is a diversified broad market index that represents approximately 97% of the market capitalization of publicly-traded U.S. stocks. The Underlying Index may include large-, mid- or small- capitalization companies. As of September 30, 2017, a significant portion of the Underlying Index is represented by securities of financials and information technology companies.
FUND TOP 10 HOLDINGS (11/09/17):
AAPL | APPLE INC | 5.09% |
MSFT | MICROSOFT CORP | 3.13% |
JNJ | JOHNSON & JOHNSON | 1.98% |
GE | GENERAL ELECTRIC | 1.81% |
JPM | JPMORGAN CHASE & CO | 1.80% |
XOM | EXXON MOBIL CORP | 1.72% |
WFC | WELLS FARGO | 1.51% |
AIG | AMERICAN INTERNATIONAL GROUP INC | 1.49% |
PFE | PFIZER INC | 1.45% |
HD | HOME DEPOT INC | 1.35% |
Useful Links:
DIVB Home Page