Financial News

RevenueShares Launches Ultra Dividend Fund (RDIV)

By: ETFdb
Though lingering concerns over Fed tapering have weighed heavily on the markets in recent months, this week investors shifted their focus to Congress as they continue to struggle to come to a bipartisan budget agreement. Since Tuesday, the U.S. federal government officially shut down, closing its doors to all “non-essential” operations. Though equity markets initially rallied following the shutdown, they fell into red territory on Wednesday after disappointing labor-market data provided little comfort during the continued stalemate in Congress [see The Biggest Technical Glitches On Wall Street]. While Wall Street turned its attention to Washington this week, ETF investors welcomed a slew of new exchange traded products, including a first-to-market “revenue-weighted” dividend ETF from RevenueShares: Under the Hood: RDIV The Ultra Dividend Fund is linked to the RevenueShares Ultra Dividend Index, which is designed to select 60 securities from the S&P 900 index that have the highest average quarterly dividend yields [...] Click here to read the original article on ETFdb.com. Related Posts: Tax Reform And Dividend ETFs: Cause For Concern? Dividend “High Yielders”: Head-To-Head Global X SuperDividend U.S. ETF (DIV) And Barclays MLP ETN (ATMP) Hit The Street Highlighting Seven Unique Dividend ETFs Seven ETFs For Investors Mourning The Death Of BP’s Dividend
Though lingering concerns over Fed tapering have weighed heavily on the markets in recent months, this week investors shifted their focus to Congress as they continue to struggle to come to a bipartisan budget agreement. Since Tuesday, the U.S. federal government officially shut down, closing its doors to all “non-essential” operations.  Though equity markets initially rallied following the shutdown, they fell into red territory on Wednesday after disappointing labor-market data provided little comfort during the continued stalemate in Congress [see The Biggest Technical Glitches On Wall Street]. While Wall Street turned its attention to Washington this week, ETF investors welcomed a slew of new exchange traded products, including a first-to-market “revenue-weighted” dividend ETF from RevenueShares: Under the Hood: RDIV The Ultra Dividend Fund is linked to the RevenueShares Ultra Dividend Index, which is designed to select 60 securities from the S&P 900 index that have the highest average quarterly dividend yields [...]

Click here to read the original article on ETFdb.com.

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