ProShares expands lineup of dividend growth ETFs
ProShares has added two new ETFs to its dividend growth suite, one focusing on US technology and the other on the Russell 3000, which represents the total US market.
With eight ETFs – including its flagship fund NOBL – and over USD7 billion in assets under management as of 11/6/19, ProShares’ dividend growth ETF lineup is the largest of any ETF provider. The expansion of the lineup reflects ProShares’ belief in the value of dividend growth strategies for long-term investors.
The new ETFs are:
ProShares S&P Technology Dividend Aristocrats ETF (Cboe BZX: TDV) is the only ETF focused on US technology dividend growers – Technology Dividend Aristocrats® – that have raised their dividends for a minimum of seven consecutive years.
ProShares Russell US Dividend Growers ETF (Cboe BZX: TMDV) represents the total market, and includes large-, mid- and small-cap US companies. The fund follows the Russell 3000® Dividend Elite Index, which targets the best dividend growers of the Russell 3000 Index – companies that have raised their dividends for a minimum of 35 years.
ProShares Dividend Growers ETFs focus on the companies with the longest track records of dividend growth in some of the most widely tracked US and international indexes. All of these ETFs are listed on the Cboe BZX Exchange.