Russell Files Plans For 3 Dividend ETFs

The rapidly growing dividend ETF space could get a little more crowded if recent filings from Russell Investments are any indication. The ETF issuer, which is growing at an impressive clip in its own right, has filed plans with the Securities and Exchange Commission to possibly introduce three new dividend ETFs. Russell filed plans for the Russell High Dividend Yield ETF, which trade under the ticker HDIV and track the Russell U.S. Large Cap High Dividend Yield Index. The index, which is market-cap weighted and reconstituted quarterly, includes stocks from the Russell 1000. The firm also filed plans for the Russell Small Cap High Dividend Yield ETF, which will trade under the ticker DVIS and track the Russell U.S. Small Cap High Dividend Yield Index. The cap-weighted index includes constituents from the Russell 2000. Russell also filed plans for the Russell International High Dividend Yield ETF, which trade under the symbol IDIV and track the Russell Developed ex-U.S. Large Cap High Dividend Yield Index. Expense ratios were not disclosed for any of the funds. Russell had 23 ETFs and $251 million in assets under management at the end of November, according to data from the National Stock Exchange. The compares with $157 million in AUM at the end of October.