Dana Concentrated Dividend ETF
DIVE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen Foy
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 15800 W. Bluemound Road, Suite 250 Brookfield WI United States of America 53005
- IPO Date
- Sep 16, 2025
- Website
- danaetfs.com
- Similar Companies
- Business
- Dana Concentrated Dividend ETF (DIVE) is an actively managed exchange-traded fund that seeks long-term capital appreciation and income through a diversified portfolio of approximately 25 to 35 primarily dividend-paying equity securities across most sectors of the U.S. equity market. The fund, sub-advised by Dana Investment Advisors, Inc., targets companies with attractive dividend characteristics and strong fundamental profiles, with a primary focus on large-cap U.S. equities (market capitalization of $10 billion or more) while maintaining flexibility to invest across all market capitalizations and in non-U.S. companies, including American Depositary Receipts (ADRs); its top holdings as of late 2025 include Philip Morris International Inc. (PM, 10.33%), IQVIA Holdings Inc. (IQV, 6.26%), Wells Fargo & Co (WFC, 6.13%), Interactive Brokers Group Inc. (IBKR, 5.41%), and Alphabet Inc. (GOOGL, 4.02%), representing over 50% of assets. Launched on September 15, 2025, and listed on NYSE Arca under ticker DIVE (CUSIP 88634W207), the ETF operates with a net expense ratio of 0.65% and a 30-day SEC yield of 1.94% as of November 30, 2025, with net assets reaching approximately $43.21 million by early December 2025. The ETF was issued through Tidal ETF Trust I in partnership with Tidal Financial Group, marking Dana Investment Advisors' entry into the ETF market alongside the simultaneous launch of the Dana Unconstrained Equity ETF (DUNK) on September 17, 2025. This strategic expansion evolved from Dana's longstanding separate account and mutual fund strategies, enabling broader access to its concentrated dividend equity approach in a tax-efficient ETF wrapper amid growing investor demand. Headquartered in Waukesha, Wisconsin, where Dana Investment Advisors was founded in 1980 at 20700 Swenson Drive, Suite 400, the fund primarily serves U.S. investors seeking high-yield dividend exposure in developed markets without currency hedging. No further major changes, such as acquisitions, funding rounds, or reorganizations, have been reported since inception.