FVD - Dividend ETFs hit 52-week trading lows

Dividend exchange traded funds find themselves hovering near 52-week trading lows as five of the world's six largest dividend funds have touched a one-year trading low at one point earlier this week. The five ETFs which cumulatively manage more than $175B of investor capital are Vanguard Dividend Appreciation ETF (NYSEARCA:VIG), Vanguard High Dividend Yield Index ETF (NYSEARCA:VYM), Schwab US Dividend Equity ETF (NYSEARCA:SCHD), iShares Core Dividend Growth ETF (DGRO), and SPDR S&P Dividend ETF (NYSEARCA:SDY). Year-to-date price action: VIG -17.6%, VYM -10.8%, SCHD -12.3%, DGRO -15.7%, and SDY -9.6%. While the above funds have fallen to one-year trading lows, its not unique to just dividend ETFs. Broader markets have sold off all year long as investors brace for a higher interest rate environment and potential recession. Therefore funds like VIG, VYM, SCHD, DGRO, and SDY have dropped alongside the macro market viewpoint. It should be noted that all five funds are outperforming the SP

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Dividend ETFs hit 52-week trading lows