QRAFT AI-Enhanced U.S. High Dividend ETF
HDIV
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- QRAFT AI-Enhanced U.S. High Dividend ETF (HDIV) is an actively managed exchange-traded fund that seeks long-term total returns through regular dividend income and capital appreciation by investing at least 80% of its net assets in securities of U.S.-listed companies with market capitalizations exceeding $4 billion. The fund employs a proprietary artificial intelligence security selection process developed by Qraft Technologies, utilizing the LG-Qraft AI Quantitative Investment System (AQUA) to evaluate and filter data based on parameters such as dividend yield, dividend growth, price appreciation potential via deep learning technologies, and uncertainty estimates through Bayesian neural networks; AQUA selects the top 100 stocks from a universe of NYSE and NASDAQ-listed companies for inclusion in the fund's database, with the adviser, Exchange Traded Concepts, LLC, constructing the portfolio from this database. HDIV focuses on equity securities including common stock, American Depositary Receipts (ADRs), and Global Depositary Receipts (GDRs), with significant exposure to sectors such as consumer staples, consumer discretionary, and health care; the fund distributes qualified dividends and does not issue K-1 forms. Launched on February 27, 2020, and headquartered in Oklahoma City, Oklahoma, HDIV operates primarily in the U.S. equity markets, targeting investors seeking high dividend yields enhanced by AI-driven stock selection and portfolio optimization. Exchange Traded Concepts, LLC serves as the investment adviser, leveraging its partnership with Qraft Technologies, which has powered the fund family since HDIV's inception alongside related products like QRFT (launched 2019) and AMOM; as of available data, the fund maintains an expense ratio of 0.76% and emphasizes large-cap blend equities with active management to outperform traditional benchmarks. In recent developments, HDIV paid its last reported dividend of $0.24 per share on December 30, 2022, with prior distributions including $0.15 on dates in 2022, reflecting its focus on monthly or periodic income generation amid market conditions; the fund remains part of Qraft's AI-enhanced ETF suite without noted closures, though certain records indicate operational continuity as of 2023. No major acquisitions, funding rounds, new product launches specific to HDIV, or strategic shifts have been publicly announced in the last 1-2 years, with the fund maintaining its core AI methodology and U.S. large-cap high dividend strategy; investor interest persists through platforms tracking its performance metrics, including volatility, beta of 0.95, and sector allocations.