The ProShares S&P 500 Dividend Aristocrats ETF (NYSE: NOBL) is the latest exchange-traded fund to hit $1 billion in assets under management, and the fund did so in short order, racing to that milestone after coming to market in October 2013.
Last year was another banner one for U.S. dividend growth, but with higher interest rates in place and more rate hikes expected, S&P 500 dividend growth is anticipated to slow in 2016.
Knowing that and following the struggles encountered by some dividend exchange-traded funds in 2015, income investors need to be selective with their dividend ETFs in 2016. That increased selectivity should include NOBL.
ETF Royalty: NOBL Ascends The Throne
Maryland-based ProShares, the largest issuer of inverse and leveraged ETFs, ...
/www.benzinga.com/trading-ideas/long-ideas/16/01/6145260/dividend-aristocrats-etf-joins-the-1-billion-club alt=Dividend Aristocrats ETF Joins The $1 Billion Club>Full story available on Benzinga.com
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