AGQI vs. DIVP ETF Comparison
Comparison of First Trust Active Global Quality Income ETF (AGQI) to Cullen Enhanced Equity Income ETF (DIVP)
AGQI
First Trust Active Global Quality Income ETF
AGQI Description
AGQI aims to hold a global basket of income-producing equities of companies that can maintain or grow dividends without compromising their financial stability. Equity securities include common and preferred stocks, depositary receipts, and real estate investment trusts. The fund invests in US and non-US issuers, holding at least 40% of its assets outside the US, with up to 20% allocated in emerging markets. The fund uses a fundamental approach to select dividend-paying companies with quality income, meaning they can provide stable and growing dividends. Eligible companies are assessed based on ROE and/or ROIC, financial leverage ratio, and dividend payout ratio. The resulting portfolio may have a large-cap tilt, although the fund invests in companies of any market capitalization. On November 21, 2023, the ETF acquired all assets and liabilities of the First Trust Dynamic Europe Equity Income Fund (ticker: FDEU), which had about $220 million in assets, morphing the closed-end fund into an ETF.
Grade (RS Rating)
Last Trade
$14.00
Average Daily Volume
8,496
13
DIVP
Cullen Enhanced Equity Income ETF
DIVP Description
DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.Grade (RS Rating)
Last Trade
$27.05
Average Daily Volume
1,466
32
Performance
| Period | AGQI | DIVP |
|---|---|---|
| 30 Days | -2.29% | 1.06% |
| 60 Days | -3.98% | 2.01% |
| 90 Days | -3.92% | 4.33% |
| 12 Months | 10.45% |
AGQI Underweight 29 Positions Relative to DIVP
| Symbol | Grade | Weight | |
|---|---|---|---|
| CSCO | B | -4.46% | |
| EOG | A | -4.39% | |
| BMY | B | -4.1% | |
| VICI | C | -3.83% | |
| DUK | C | -3.6% | |
| PPL | B | -3.6% | |
| CVX | A | -3.51% | |
| PM | B | -3.47% | |
| C | A | -3.35% | |
| TFC | A | -3.34% | |
| KVUE | A | -3.28% | |
| CAG | D | -3.25% | |
| CMCSA | B | -3.23% | |
| XOM | B | -3.22% | |
| MRK | F | -3.12% | |
| SYY | B | -2.92% | |
| RTX | C | -2.89% | |
| DOC | D | -2.86% | |
| MO | A | -2.73% | |
| BAX | D | -2.67% | |
| IBM | C | -2.62% | |
| JCI | C | -2.55% | |
| JPM | A | -2.41% | |
| TRV | B | -2.21% | |
| DOW | F | -2.1% | |
| GD | F | -2.03% | |
| RIO | D | -1.81% | |
| GPC | D | -1.81% | |
| UPS | C | -1.75% |
AGQI: Top Represented Industries & Keywords
DIVP: Top Represented Industries & Keywords
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