Invesco S&P 500 High Dividend Growers ETF (DIVG) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the S&P 500 High Dividend Growth Index; the fund generally invests at least 90% of its total assets in securities comprising the index, which selects the 100 S&P 500 constituents with the highest forecasted dividend yield growth among companies that have consistently increased dividends for at least five years. Top holdings include Franklin Resources (2.41%), Altria Group (2.29%), AES Corporation (2.22%), Pfizer (2.15%), and Regions Financial (1.88%), with sector allocations led by financials (20.14%), utilities (18.50%), and real estate; the fund offers a weighted average dividend yield of approximately 3.85% and monthly distributions, targeting income-focused investors seeking a balance of yield growth and stability. Launched on December 6, 2023, DIVG trades on the NYSE Arca exchange under the ticker DIVG, with total net assets of around $8.87 million, an expense ratio of 0.39%-0.41%, and geographic exposure primarily to the United States (99.52%).
DIVG operates within the equity ETF segment, specifically mid-cap value category, focusing on U.S. large-cap dividend growers; it serves retail, institutional, and retirement investors pursuing growth-oriented income strategies in low-yield environments. Issued and managed by Invesco Ltd., a global investment management firm founded in 1935 with roots in Atlanta, Georgia—its current headquarters—the ETF leverages Invesco's broad platform encompassing mutual funds, ETFs under brands like Invesco and PowerShares, unit trusts, closed-end funds, and alternative investments; Invesco manages over $1.8 trillion in assets under management as of late 2024 and maintains operations in 20+ countries.
Recent developments for DIVG include steady asset growth to $8.87 million with 1-year NAV returns of 14.37% and ongoing monthly dividend payouts, such as $0.089 per share in August 2025; the fund has seen net inflows supporting its expansion amid favorable equity market dynamics. On the issuer level, Invesco established a strategic investment program with Bozzuto in July 2025 featuring $1 billion deployment capacity for East Coast multifamily assets through its real estate arm and partnered with LGT Capital Partners in December 2025 to offer private equity and credit portfolios to U.S. retail and retirement investors, enhancing its alternatives platform. Invesco also announced estimated 2025 capital gain distributions for ETFs including potential adjustments to DIVG and reported preliminary AUM of $1,846 billion as of December 31, 2024.