Citi Launches Income ETN; Source ETFs Makes U.S. Debut

Two ETFs made their trading debut this past week, with one continuing the trend of income for investors while another seeks similar exposure from an unfamiliar face. Below, we highlight these two new ETFs and what investors need to know about each [for more ETF news and analysis subscribe to our free ETF Daily Roundup]. Citi Rolls Out Income ETN This marks Citigroup‘s third ETP, but its first that focuses on broad equities. The C-Tracks Exchange-Traded Notes Miller/Howard Strategic Dividend Reinvestor ETN (DIVC) tracks an index that invests in 30 U.S. stocks at one time. The holdings are equally weighted and chosen each quarter based on a few factors: dividend yield, expected growth of dividend yield, market valuation relative to book value, return on invested capital relative to price-to-earnings ratio and trailing 26-week stock price momentum. Investors will be happy to see that the fund was well-seeded, launching with $25 million […] Click here to read the original article on ETFdb.com. Related Posts: Sell On The Pop Prospects: September 8th Edition Buy On The Dip Prospects January 6th Edition Wednesday’s ETF Chart To Watch: FEZ Flirting With Major Resistance Ahead Of Eurozone GDP Market Radar Week of July 29th 5 ETF Strategies To Reign In Risk