iShares Floats High Dividend ETF

BlackRock’s iShares exchange-traded funds unit has unveiled a new fund providing exposure to high quality income-producing U.S. securities.

BlackRock’s iShares exchange-traded funds (ETFs) unit has unveiled a new fund providing exposure to high quality income-producing U.S. securities. The iShares High Dividend Equity Fund will be traded on the NYSE Arca.

The vehicle will track the performance of the Morningstar Dividend Yield Focus Index. The index offers access to the top 75 companies by dividend yield that meet the eligibility criteria, with consumer goods, healthcare and utilities as the top three sectors.

Click here for the release from Market Wire.