New iShares High Dividend ETF Offers High Quality Yield

Yield hungry investors now have a daunting number of choices when it comes to high yield equity exchange traded funds. You can now add one more to the list. iShares, a subsidiary of BlackRock (BLK) and one of the largest ETP providers, debuted the iShares High Dividend Equity Fund (HDV) on March 29th. Despite the number of ETP choices available to dividend investors, this fund may have some appealing aspects. The high yield dividend equity fund seeks to track the performance of an index called the Morningstar Dividend Yield Focus Index. The fund invests primarily in U.S. securities that have provided relatively high dividend yields on a consistent basis. The biggest difference with this ETF, compared to some others, is that HDV focuses on high quality companies. Companies are screened for quality and financial health using Morningstar's proprietary index methodology. HDV currently has 75 holdings with an average market cap... Read more

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