We examined the holdings of 10 dividend ETFs, and found that they have 563 unique stocks between them, and that 12 stocks are held by eight or more of the 10 funds.
That information could be of interest to equity income investors looking for ideas or confirmation of their choices.
Here are those 12 stocks.
|ED||Consolidated Edison, Inc.||8|
|JNJ||Johnson & Johnson||8|
|LEG||Leggett & Platt, Inc.||8|
|MCY||Mercury General Corporation||8|
|NEE||NextEra Energy Inc||8|
|RPM||RPM International Inc||8|
|SON||Sonoco Products Company||8|
Here is the number of stocks found in each intersection frequency from 1-10:
- Ten: 0
- Nine: 1
- Eight: 11
- Seven: 11
- Six: 22
- Five: 36
- Four: 43
- Three: 54
- Two: 114
- One: 270
Full Intersection Database Available:
If you would like to have the complete file of 563 unique stocks held by the 10 ETFs, with the intersection of each stock with the portfolio of each of the 10 ETFs, it is available on our site to registered users. This image shows how the file is structured.
click image to enlarge
ETFs In The Study:
Here are the 10 ETFs we examined, along with the text they provide on their product webpage. The number next to each symbol is the number of stocks they report to be in their portfolios at the time of our review.
The SPDR S&P Dividend ETF before expenses seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index.
The iShares Dow Jones Select Dividend Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Dividend Index.
Seeks to track the performance of the FTSE High Dividend Yield Index, which measures the investment return of common stocks of companies characterized by high dividend yields. Provides a convenient way to track the performance of stocks with histories of above-average dividend yields. Follows a passively managed, full-replication approach.
Seeks to track the performance of the Dividend Achievers Select Index. Provides a convenient way to track the performance of stocks of companies with a record of growing their dividends year over year. Follows a passively managed, full-replication approach.
The iShares High Dividend Equity Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar Dividend Yield Focus Index.
The Russell High Dividend Yield ETF seeks investment results that closely correspond to the total return of the Russell U.S. Large Cap High Dividend Yield Index, which is designed to select securities with high dividend yields.
The First Trust Value Line Dividend Index Fund is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of the Value Line Dividend Index.
The First Trust Morningstar Dividend Leaders Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Morningstar Dividend Leaders Index.
The PowerShares High Yield Equity Dividend Achievers Portfolio is based on the Mergent Dividend Achievers 50 Index. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends.
The PowerShares Dividend Achiever Portfolio is based on the Broad Dividend Achievers Index. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. The Index is designed to identify a diversified group of dividend paying companies. These companies have increased their annual dividend for ten or more consecutive fiscal years. The portfolio is rebalanced quarterly and reconstituted annually.
Disclosure: QVM has positions in KMB, COP and T as of the creation date of this article (March 27, 2012).
Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advice to any specific person for any particular purpose. Do your own research or obtain suitable personal advice. You are responsible for your own investment decisions. This article is presented subject to our full disclaimer found on the QVM site available here.