XDV is known as the iShares Dow Jones Canadian Select Dividend Fund. The current yield of the ETF is approximately 4.78%. The fund has a lot of financials in the top 10 of their fund. Canada is known for its financial sector, and in particular, the big 5 banks. Below is a table, as of October 26, showing the top 10 stocks of the fund by weight.
|Canadian Imperial Bank of Commerce||CM||9.75%|
|Bank of Montreal||BMO||6.92%|
|Royal Bank of Canada||RY||6.40%|
|Bell Canada Enterprises||BCE||5.98%|
|Bank of Nova Scotia||BNS||5.50%|
|Rogers Communications Class B||RCI.B||5.08%|
|Laurentian Bank of Canada||LB||4.97%|
|Toronto Dominion Bank||TD||4.34%|
|Manitoba Telecom Services||MBT||4.29%|
|IGM Financial Inc.||IGM||4.19%|
I own shares in 6 out of these top 10 holdings. My brokerage has zero commission ETFs which I took advantage of here. I purchased 200 units at $22.49 on October 26. I put in a good to cancel order to sell these units. I will hold this ETF until my order gets filled. In the mean time, I will collect any dividends that this ETF will pay me. There will be a commission on the sale.
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I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.