Shares of Target (TGT - News) traded higher Wednesday after the retailer boosted its quarterly dividend by 20%. Vanguard Dividend Appreciation ETF (VIG - News) has the largest position in Target among dividend-themed exchange traded funds.
Target comprises 2.2% of the Vanguard dividend ETF’s portfolio, according to XTF.com.
Dividend ETFs have been incredibly popular with investors seeking to boost yield in a low interest-rate environment with conservative equity funds. [Special Report: Surveying the Dividend ETF Landscape]
Vanguard Dividend Appreciation is the top-selling dividend ETF this year. [The 10 Best-Selling ETFs of 2012]
VIG has a yield of 2.3%. The ETF held 134 stocks including Target at the end of April. [Dissecting Vanguard’s Two Largest Dividend ETFs]
Vanguard Dividend Appreciation ETF