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The MarketDesk Focused U.S. Dividend ETF has underperformed with a 1.9% yield and 7.7% total return YTD, compared to broader market returns. FDIV's quant-driven strategy and sectoral allocation to Consumer Defensive stocks have not panned out, unlike SPYD's Real Estate-heavy portfolio. FDIV is positioned for a recession, but the resilient economy has hindered its performance, making it hard to recommend it over SPYD or the broader market.
MarketDesk Focused U.S. Dividend ETF is a relatively new dividend fund aiming to solve the income vs. capital appreciation dilemma. Its ER is 0.35% and the fund has $103 million in assets under management. The FDIV ETF's expected dividend yield is 2.78%, which is below low-cost peers like DIVB, SCHD, and VYM. While its 14.90x forward P/E valuation is competitive, its growth rates are not. 25/61 selections totaling 43% of the fund by weight have negative three-year free cash flow growth rates, and FDIV's net estimated sales and earnings growth rates are virtually flat.
The week ending Sept. 22 marks a strong post-summer resurgence for the industry, with 25 new ETF launches in all.
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
Commonwealth Equity Services LLC lowered its position in shares of First Trust Strategic Income ETF (NASDAQ:FDIV) by 21.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,460 shares of the company’s stock after selling 6,708 shares during the quarter. Commonwealth Equity Services […]
Capital Investment Advisory Services LLC raised its stake in shares of First Trust Strategic Income ETF (NASDAQ:FDIV) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,955 shares of the company’s stock after purchasing an additional 2,995 […]
First Trust Advisors L.P. (