1 Top Dividend ETF Worth Loading Up On With $1,000 Right Now
This ETF's heavier growth profile makes it an ideal high total return opportunity.
Overview
If I had $1,000 to invest in a single dividend ETF right now, I wouldn't choose one solely for its high yield. I'd be looking more for total return -- a combination of income today and the potential for long-term growth. And I want enough exposure to growing companies to keep building wealth for years to come.
That's why the Fidelity High Dividend ETF (NYSEMKT: FDVV) would be my current choice.
Details
Since its inception a decade ago, this fund has produced an average annual return of 13.5%. While its current dividend yield of 2.6% isn't necessarily the highest you can find in this category, it's still roughly 2.5 times that of the S&P 500 (SNPINDEX: ^GSPC). Plus, its overall combination of growth and income positions it as an above-average long-term holding.
Source
Originally published at www.fool.com.