WBI Power Factor High Dividend ETF
WBIY
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Dec 22, 2016
- CIK
- 0001591939
- Similar Companies
- Business
- WBI Power Factor High Dividend ETF (WBIY) is an exchange-traded fund that seeks to track the performance of the Solactive Power Factor High Dividend Index by investing at least 80% of its total assets in high dividend-yielding U.S. common stocks selected for strong fundamental value characteristics, including quality, value, and forecasted dividend yield factors; the fund employs a quarterly rebalancing strategy to identify and hold the top 50 qualifying securities weighted by forecasted dividend yield, providing investors with high current income, inflation protection, and potential capital growth through a smart beta approach. Launched on December 19, 2016, and issued by Absolute Shares Trust with Millington Securities, LLC serving as investment adviser, WBIY operates primarily in U.S. equity markets targeting dividend-focused investors such as financial advisors, institutions, and retail participants seeking qualified dividend income without exposure to REITs. The fund, with assets under management around $50-58 million and a net expense ratio of 0.99%, maintains a diversified portfolio across sectors like financial services, consumer defensive, and utilities, featuring holdings such as Altria Group, Edison International, Verizon Communications, and Pfizer. In a significant operational change effective December 11, 2025, WBIY transitioned its share listing from NYSE Arca to the NYSE floor under the Designated Market Maker (DMM) program, with GTS appointed as the dedicated market maker to enhance liquidity, execution consistency, and trading quality; the final trading day on NYSE Arca was December 10, 2025, while the ticker symbol and CUSIP (00400R858) remained unchanged. This strategic shift aims to improve access for custodians and model marketplaces amid recent third-party analyses highlighting WBIY's competitive positioning with yields above 5%, low forward P/E ratios, and all-cap value orientation relative to high-dividend peers. The ETF is managed from Red Bank, New Jersey, headquarters of WBI Investments, LLC (founded 1984), which oversees a suite of Power Factor and BullBear strategies.