Dividend ETF Flow Update

ETF Trends

We noted some late week flows in Equity Dividend products, DVY (iShares DJ Select Dividend, Expense Ratio 0.40%) and HDV (iShares High Dividend Equity, Expense Ratio 0.40%), with the former fund reeling in $140 million while the latter lost more than $230 million in assets.

At the half-way mark in 2013, portfolio managers may be making net adjustments to overall investment portfolios and re-balancing positions for tactical if not strategic reasons.

HDV has its heaviest sector weighting toward Health Care (23.14%), followed by Communication Services (17.19%) and Utilities (13.85%) while DVY is skewed toward Utilities (31.68%), Consumer Staples (14.21%), and Industrials (12.81%).

From a yield perspective, comparatively DVY has a yield of 3.43% while HDV’s yield is 3.22%. Both of these funds are quite large in terms of net assets under management, as DVY has $12.5 billion and HDV $3.5 billion, so the flows last week, while large when compared to all weekly ETP flows, are not gigantic in terms of the total assets held in these funds.

Broadly categorized in the “Large Cap Value” category, other funds of interest that have surely seen upticks in activity in recent days include IWD (iShares Russell 1000 Value, Expense Ratio 0.22%), VIG (Vanguard Dividend Appreciation, Expense Ratio 0.13%), and SDY (SPDR S&P Dividend, Expense Ratio 0.35%).

For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at pweisbruch@streetonefinancial.com.

Street One Financial is an educational/research firm utilizing the Broker Dealer services of GWM Group Inc (RLCC) a FINRA registered Broker/Dealer. All trades are executed through GWM Group (RLCC) and cleared by Fidelity (NFS)DTC number 0226. Street One Financial LLC makes available products and services offered by GWM Group Inc., a registered broker-dealer and Member Securities Investor Protection Corporation (SIPC), Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

View Comments (0)