DVY - Dividend ETFs become a beacon of hope as major averages hover near YTD lows

Investors remain wary over the condition of the financial markets, as Wall Street watches the S&P 500 (SP500), Dow Jones (DJI), and Nasdaq (COMP.IND) trade near year-to-date lows. While markets remain under pressure, dividend ETFs have become a beacon for market players in the uncertain market. On the year the S&P 500 is -13.5%, Dow is 9.7%, and the Nasdaq is -21.6%, but the iShares Select Dividend ETF (NASDAQ:DVY) remains in the green, avoiding losses in 2022 as the exchange traded fund is +0.7%. DVY aims to offer investors access to 100 broad-cap U.S. stocks with a consistent 5-year track record history of paying dividends. Additionally, DVY is extremely liquid with $21.62B assets under its belt and the fund sports a dividend yield of 3.04%. Supporting DVY’s gains has been the ETFs top two holdings. Altria Group (MO) has advanced 16% on the year and ONEOK (OKE), has climbed 5.6% in 2022 so far. From a weighting stance,

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Dividend ETFs become a beacon of hope as major averages hover near YTD lows