5 Dividend ETFs to Buy in August

2. Invesco S&P 500 High Dividend Low Volatility ETF (NYSE:SPHD)

Invesco S&P 500 High Dividend Low Volatility ETF (NYSE:SPHD) tracks the performance of the S&P 500 companies that have provided high dividend yields and low volatility historically. The fund reinvests 90% of its total assets in common stocks in the index. The ETF has 51 holdings in its portfolio with an average market cap of $75.5 million. Since the start of the year, Invesco S&P 500 High Dividend Low Volatility ETF (NYSE:SPHD) delivered a 2.22% return to shareholders, while the fund gained 7.54% in the last year, as of the market close of August 8.

An American multinational telecommunications company, AT&T Inc. (NYSE:T) is one of the fund’s most prominent holdings, accounting for 2.88% of its portfolio. The company pays a quarterly dividend of $0.2775 per share and has a yield of 6.14%, as of August 9. It has been raising its dividends consistently for the past 23 years, becoming one of the top choices of income investors.

At the end of Q1 2022, 74 hedge funds in Insider Monkey’s database owned stakes in AT&T Inc. (NYSE:T), up from 70 in the previous quarter. The stakes hold a combined value of over $4 billion.

Weitz Investment Management mentioned AT&T Inc. (NYSE:T) in its Q4 2021 investor letter. Here is what the firm has to say:

“After several quarters of pandemic-induced outsized growth, new broadband connection growth has slowed for U.S. cable operators. This slower growth has coincided with a renewed push by competitors like Verizon and AT&T to offer high-speed data (either via wireless connects or by building new fiber-optic networks).”