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Dividends in Demand! Fund Flows Data Reveals Dividend Appreciation Strategy the Favorite Among Investors

Jun 12, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

Dividend ETF Fund Flow Data

Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
Vanguard Dividend Appreciation ETF VIG $119,045,157 $241,503,191 $409,181,980 $797,822,662 $34.82 0.08%
Vanguard High Dividend Yield ETF VYM $88,758,193 $54,877,797 $454,079,113 $1,014,548,314 $24.02 0.06%
SPDR S&P Dividend ETF SDY -$10,021,658 -$22,312 -$25,083,044 $153,762,986 $18.58 0.35%
iShares Select Dividend ETF DVY $0 $9,697,150 $94,356,615 $52,193,730 $17.12 0.39%
Schwab US Dividend Equity ETF SCHD $7,888,174 $5,422,960 $106,378,951 $419,378,827 $9.41 0.07%
iShares Core Dividend Growth ETF DGRO $0 $50,742,045 $442,055,600 $1,064,053,020 $7.55 0.08%
iShares Core High Dividend ETF HDV $0 $32,322,285 $74,464,545 $140,269,630 $7.21 0.08%
ProShares S&P 500 Aristocrats ETF NOBL $0 $20,148,000 $80,747,000 $354,201,000 $4.77 0.35%
WisdomTree U.S. MidCap Dividend Fund DON $1,776,819 $12,345,544 $49,739,479 $166,067,223 $3.80 0.38%
WisdomTree U.S. Quality Dividend Growth Fund DGRW $0 -$2,099,612 -$30,862,680 -$102,899,803 $2.65 0.28%
WisdomTree U.S. LargeCap Dividend Fund DLN $0 -$4,658,010 $18,308,747 -$20,076,403 $2.06 0.28%
WisdomTree U.S. SmallCap Dividend Fund DES $0 $1,324,641 $2,898,352 $50,600,972 $2.06 0.38%
Invesco S&P Ultra Dividend Revenue ETF RDIV -$3,656,400 -$19,840,950 -$12,050,863 $145,254,425 $1.75 0.39%
First Trust Morningstar Dividend Leaders Index FDL -$5,792,558 $266,346 $22,700,366 $67,932,801 $1.55 0.45%
First Trust NASDAQ Technology Dividend Index Fund TDIV $0 $3,742,625 -$1,868,561 $11,788,581 $0.96 0.50%
FlexShares Quality Dividend Dynamic Index Fund QDYN $0 $0 -$2,089,550 -$8,827,305 $0.05 0.37%

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

  • Fund flows into dividend-focused ETFs are mostly positive on a 1-week, 1-month, and 3-month basis (with a few exceptions). The mostly positive fund flows into dividend-focused ETFs shows investots looking for dividend yield amid the heightened uncertainty with the outlook for global stocks, which has been clouded by global trade tensions and deteriorating global economic metrics. Investors may be demanding dividend-focused ETFs in search of more predictable cash flows.  
     
  • Dividend growth/appreciation strategies appear to be the favorite among investors buying dividend-focused ETFs. Over the last 3 months, the Vanguard Dividend Appreciation ETF (VIG) and the iShares Core Dividend Growth ETF (DGRO) have received combined inflows of more than $1.86 billion.
  • Conversely, high dividend yield-focused ETFs the Vanguard High Dividend Yield ETF (VYM) and the iShares Core High Dividend ETF (HDV) have received just $1.15 billion of inflows over the same time period.
     
  • Worth noting that the only two quality dividend ETFs highlighted above, the WisdomTree US Quality Dividend Growth Fund (DGRW) and the FlexShares Quality Dividend Dynamic Index Fund (QDYN), both have observed negative outflows over the last 3 months, combining for more than $110 million of outflows over the time period. Additionally, these are just two of the three dividend ETFs highlighted above that have observed negative 3-month fund flows.

 

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