Amplify ETFs launches the Amplify YieldShares Prime 5 Dividend ETF (BATS: PFV), the first YieldShares ETF to enter the market via the Amplify platform. .…
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PFV is a portfolio of the five highest-ranked U.S. Dividend ETFs, based on the Prime 5 U.S. Dividend ETF Index scoring and selection criteria, in the following three categories: 1) high dividend income, 2) low share price volatility, and 3) low expenses.
“The Prime 5 U.S. Dividend ETF Index solves this problem, and allows investors of all types to track the highest scoring dividend ETFs in the U.S. We are proud to expand our partnership with Amplify Investments to launch this exciting new product.”
PFV seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield information of the Prime 5 U.S. Dividend ETF Index. While the Index holds five dividend ETFs, the underlying exposure of these ETFs equaled more than 750 dividend-paying stocks as of July 31, 2016. In addition, the largest single stock exposure in the overall portfolio was 5.2% as of the July 31, 2016.
“With over 130 dividend ETFs in the marketplace, it is becoming increasingly difficult for investors to navigate the dividend ETF landscape,” said Christian Magoon, ETF industry veteran and CEO of Amplify Investments. “PFV is designed to make dividend investing easy.”
PFV combines the analysis and selection process that many investors must undertake on their own. In addition, as an index-tracking ETF, the fund seeks to rebalance in a tax efficient manner on a quarterly basis. PFV will have a quarterly distribution schedule.
“Millions of investors have benefited from the success of the ETF industry, but there are now almost 2,000 products in the U.S., and it has become increasingly difficult to evaluate competing and complex funds,” said Kris Monaco and Chris Yeagley, Managing Partners of Level ETF Ventures. “The Prime 5 U.S. Dividend ETF Index solves this problem, and allows investors of all types to track the highest scoring dividend ETFs in the U.S. We are proud to expand our partnership with Amplify Investments to launch this exciting new product.”
Source: ETFWorld.com
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