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What are y'alls thoughts on DIVI?

Posted on 1/8/15 at 1:24 pm
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7133 posts
Posted on 1/8/15 at 1:24 pm
a new way to work a high dividend etf

LINK

is this one of those too good to be true things?

TIA
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9204 posts
Posted on 1/8/15 at 1:57 pm to
Putting aside whether the ETF has merit or not, the gross expense ratio of 1.42%, 1,917 volume and tiny $12.2M in AUM are deal killers. Expensive, little to no liquidity, would not invest nor speculate in DIVI.


NAV $20.33 Closing Price $20.32
Change $0.15 Change $0.05
Shares Outstanding 600,000 Volume 1,917
4PM Bid/Offer Midpoint $20.32 Premium/Discount $-0.01
Assets Under Management $12,196,504.91
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5600 posts
Posted on 1/8/15 at 2:47 pm to
quote:

is this one of those too good to be true things?

Not sure what's great about it? One thing I will say is it's cheap right now, its heavily weighted towards oil and pipeline companies (which explains why its down ~10.8% of the past 3 months) and it is extremely illiquid because of its small AUM. If you're just doing a couple thousand just deem it speculative investment and allocate the remainder of your portfolio accordingly (i.e. this thing should take some of your risk budget). If oil bottoms out around here and rebounds to 60-80 then this little shite should give you some solid returns.
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