Invesco S&P 500 High Dividend Growers ETF (DIVG)
Invesco S&P 500 High Dividend Growers ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $36.28, up 0.25% on the session, giving a market capitalisation of $11.3M. Its beta of 0.43 implies it has historically moved less than the broad market.
The Invesco S&P 500 High Dividend Growers ETF (DIVG) aims to replicate the investment results, before fees and expenses, of the S&P 500 High Dividend Growth Index. This fund generally allocates at least 90% of its total assets to the securities that make up this specific index. The index selects 100 companies from the S&P 500 universe that demonstrate the highest anticipated dividend yield growth, incorporating a 20% buffer to help reduce turnover. To be eligible, stocks must have a positive forecasted dividend yield and an unbroken history of paying dividends for a minimum of five consecutive years. The ETF's holdings are reviewed and adjusted semi-annually, occurring in April and October.
Invesco S&P 500 High Dividend Growers ETF is most often compared with the following Financial Services names: