AB Active ETFs, Inc. AB US High Dividend ETF (HIDV)
Market Closed
12 Jun, 20:00
ARCA ARCA Primary $
88. 81
+0.47
+0.5264%
$
192M Market Cap
1.36% Div Yield
4,700 Volume
$ 88.34
Previous Close Investors:
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HIDV: Overlooked GARP Play With A 2.3% Yield, A Buy
I initiate coverage of the AB US High Dividend ETF with a Buy rating. HIDV has an active, high-turnover strategy offering "core US equity exposure with attractive dividend income and the potential for capital growth." I would argue that the IT-heavy HIDV portfolio has a strong GARP tilt, manifested in a WA PEG ratio of 0.75. Its quality characteristics also reinforce the thesis.
Seekingalpha | 4 weeks ago
