First Trust, the company behind the popular suite of AlphaDEX ETFs, has become the first ETF at the crossroads to two red hot investment trends: technology stocks and dividends. The new First Trust NASDAQ Technology Dividend Index Fund (TDIV) will seek to replicate the NASDAQ Technology Dividend Index, a benchmark that includes tech and telecom stocks listed on the NASDAQ that have paid a regular dividend during the past 12 months. Technology stocks will account for about 80% of the index, with telecom companies making up the remaining 20% [see also High Tech ETFdb Portfolio]. Additionally, component stocks must have a yield of at least 0.5%, have not had a decrease in common dividends per share paid within past 12 months, and may not be issued by an issuer currently in bankruptcy proceedings. Under The Hood The TDIV portfolio will include a number of the usual suspects in the tech industry, such as [...] Click here to read the original article on ETFdb.com. Related Posts: Huntington Launches Sector Rotation ETF (HUSE) Which Sector ETFs Are Cheap? When An ETF Distribution Isn’t A Dividend: Explaining Capital Gains Daily ETF Roundup: XLK Pops With Apple, VXX Plunges Lower Three ETFs To Watch This Week: EWP, IYE, XLK
First Trust, the company behind the popular suite of AlphaDEX ETFs, has become the first ETF at the crossroads to two red hot investment trends: technology stocks and dividends. The new First Trust NASDAQ Technology Dividend Index Fund (TDIV) will seek to replicate the NASDAQ Technology Dividend Index, a benchmark that includes tech and telecom stocks listed on the NASDAQ that have paid a regular dividend during the past 12 months. Technology stocks will account for about 80% of the index, with telecom companies making up the remaining 20% [see also High Tech ETFdb Portfolio]. Additionally, component stocks must have a yield of at least 0.5%, have not had a decrease in common dividends per share paid within past 12 months, and may not be issued by an issuer currently in bankruptcy proceedings. Under The Hood The TDIV portfolio will include a number of the usual suspects in the tech industry, such as [...]
Click here to read the original article on ETFdb.com.
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