Overview
Description
The ProShares S&P Technology Dividend Aristocrats ETF is an exchange-traded fund that focuses on providing exposure to a specific segment of the technology market—those companies that have consistently increased their dividends over time. This fund seeks to track the performance of the S&P Technology Dividend Aristocrats Index, which includes technology firms characterized by their strong commitment to returning cash to shareholders through regular dividend payments. It targets investors interested in the intersection of growth opportunities in the technology sector and reliable income from dividend payouts.
This ETF comprises a diversified roster of technology companies spanning various sub-sectors such as semiconductors, software, and hardware, which adhere to the criteria of dividend growth for a minimum of seven consecutive years. By investing in these dividend aristocrats, the fund aims to exploit the balance between the rapid advancement of technology and the stability offered by dividend returns. As part of the broader financial market, the ETF also acts as a portfolio diversifier, appealing to those interested in technology without the volatility often associated with it, thus holding a unique position in investment portfolios focused on income and sector-specific exposure.
About
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Instrument type
ETF
Country
United States
MIC code
BATS