RDIV Oppenheimer Ultra Dividend Revenue ETF
Seeks to track, before fees and expenses, the OFI Revenue Weighted Ultra Dividend Index. The Index selects the top 60 securities from the S&P 900 Index with the highest average of the 1-year trailing dividend yields for the current quarter and each of the past three quarters (excluding securities that have issued a special dividend over that time period), which are then re-weighted according to the revenue earned by the companies, subject to certain asset diversification requirements and a maximum 5% per company weighting. The Index is reconstituted quarterly according to dividend yields and revenue weightings as of the previous quarter.
$44.38 +0.64 (1.46%)
As of 08/12/2022 16:00:00 EST IEX book CBOE book
ETF Information
Sponsor: Oppenheimer Funds
Category1: US Equity
Category2: Broad market
Category3: Large and mid cap
Morningstar category: Large Value
Leverage factor: 1.00
Inception date: 09/30/2013
Index tracking method: Passive replication
Current yield: 3.14%
Historical average yield: 4.03%
Market cap: $837,228,600
Average volume: 54,369
Fees: 0.3900%
Index Information
OFI Revenue Weighted Ultra Dividend Index
Index symbol: REVWDIV
Provider: Oppenheimer Funds
Total return index symbol: REVWDIVT
Index weighting: Revenue weighted
Index inception date: 04/23/2014
Backtesting data exists: Yes
Number of holdings: 60
Strategy: Dividend investing
Factors used to select securities: