“Due to the technology sector’s burgeoning status as destination for income investors, some of the sectors dividend-paying members are becoming more prominent in dividend-focused ETFs,” Benzinga reports for Insider Monkey. “Predictably, ETF and dividend investors alike want to know when Apple Inc. (AAPL), which earlier this year announced its first payout since 1995, will join dividend funds.”
“At least one ETF issuer is providing an answer,” Benzinga reports. “WisdomTree Investments, Inc. (WETF) today announced the results of its annual index rebalancing, noting that Apple Inc. (AAPL) will make its way into several of the issuers dividend-focused funds later this month.”
Benzinga reports, “One of the indexes that has been rebalanced is the WisdomTree Dividend Index (WTDI), the index tracked by the $268.4 million WisdomTree Total Dividend Fund (NYSEARCA:DTD). At the close of trading on December 21, Apple Inc. will become DTD’s third-largest holding at a weight of just over three percent.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]