WBIY WBI Power Factor High Yield Dividend ETF
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WBIY WBI Power Factor High Yield Dividend ETF
Seeks to track, before fees and expenses, the Solactive Power Factor High Dividend Index. The initial universe of the index is all ordinary dividend paying, common stock constituent of the Solactive US Broad Market Index. REITs, BDCs and MLPs are not eligible for index inclusion. All constituents must have positive Trailing 12 month Diluted Earnings from Continuing Operations. The stocks in the initial universe are then scored using a composite scoring system using "Power Factors": Price to trailing 12-month diluted earnings from continuing operations ratio (P/E); Price to trailing 12-month free cash flow (P/CF); and Price to trailing 12-month sales ratio (P/S). The top scoring stocks are put into a final selection pool, where some additional filters are applied. The index then selects from the final selection pool 50 companies with the largest Dividend Indicated Yield.
$25.72 +0.34 (1.34%)
As of 03/14/2023 16:00:00 EST IEX book CBOE book
ETF Information
Sponsor: WBI Shares
Category1: US Equity
Category2: Broad market
Category3: Multi-cap
Morningstar category: Large Value
Leverage factor: 1.00
Inception date: 12/19/2016
Index tracking method: Passive replication
Current yield: 4.44%
Historical average yield: 4.98%
Market cap: $73,388,560
Average volume: 7,593
Fees: 0.7000%
Index Information
Solactive Power Factor High Dividend Index
Index symbol: SOLWBIYP
Provider: Solactive
Total return index symbol: SOLWBIYT
Index weighting: Dividend weighted
Index inception date: 12/06/2016
Backtesting data exists: Yes
Number of holdings: 50
Strategy: Dividend investing
Factors used to select securities: