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I initiate coverage of the AB US High Dividend ETF with a Buy rating. HIDV has an active, high-turnover strategy offering "core US equity exposure with attractive dividend income and the potential for capital growth." I would argue that the IT-heavy HIDV portfolio has a strong GARP tilt, manifested in a WA PEG ratio of 0.75. Its quality characteristics also reinforce the thesis.
HIDV is an actively managed fund with a 0.45% expense ratio and only $59 million in assets under management, indicating it's relatively unknown in the ETF space. Nevertheless, HIDV might be underrated. It's delivered good returns since its inception, outperforming large-cap value peers like FDVV and DIVB, and almost keeping pace with its benchmark, the S&P 500. HIDV's fundamentals are strong too. I'll dive into its holdings' growth, value, and quality statistics, which match up well against the comparators in this article: FDVV, DIVB, CGDV, and SPY.
This week's ETF Wrap takes you inside the rally in dividend-paying equity ETFs as investors seek to position for President-elect Donald Trump's second term in the White House.
Dividend-paying stocks provide a steady income stream and help mitigate potential losses during weaker market periods.
Demand has been strong for short-term fixed income ETFs in 2023. That helped AllianceBernstein (AB) pass $1 billion invested in ETFs assets in early November.
AllianceBernstein announced the launch of three new active equity ETFs on the New York Stock Exchange Arca: the AB US Low Volatility Equity ETF (NYSE Arca: LOWV), the AB US High Dividend ETF (NYSE Arca: HIDV), and the AB Disruptors ETF (NYSE Arca: FWD). These are the firm's first equity-focused ETFs.
NASHVILLE, Tenn., March 22, 2023 /PRNewswire/ -- AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P., a leading global investment management and research firm, announced today the launch of three new active exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE): the AB US Low Volatility Equity ETF [NYSE: LOWV], the AB US High Dividend ETF [NYSE: HIDV] and the AB Disruptors ETF [NYSE: FWD]. Global liquidity provider Citadel Securities will be the Lead Market Maker on these products, bringing extensive industry experience and pricing expertise to AB's ETF suite.
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