HIDV: Overlooked GARP Play With A 2.3% Yield, A Buy
The article provides an analysis of the AB US High Dividend ETF (HIDV), initiating coverage with a Buy rating. It highlights HIDV's active strategy that combines core US equity exposure with attractive dividend income and potential capital growth. Despite slightly underperforming IVV since its inception, HIDV has outperformed other ETFs like HDV, FDVV, and DHS.
- ▪The AB US High Dividend ETF (HIDV) has a Buy rating from the author.
- ▪HIDV features a high-turnover strategy aimed at providing core US equity exposure.
- ▪The ETF has a weighted average PEG ratio of 0.75, indicating a strong GARP tilt.
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