I Checked VIG's Top Holdings. They're Not What You'd Expect From a Dividend ETF.
This ETF focuses on a specific type of dividend stock.
Overview
Low-yielding tech giants Broadcom (0.7%) and Apple (0.4%) wouldn't be the top holdings you'd expect to see in the largest dividend-focused ETF. However, they currently rank as the two largest holdings of the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG), which has nearly $115 billion in assets under management.
Instead of holding yield-focused stocks, the Vanguard Dividend Appreciation ETF invests in dividend growers. It aims to deliver a high total return from share price appreciation and dividend income.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.