LYLD: A New ETF Focused On 'Shareholder Yield'
Cambria LargeCap Shareholder Yield ETF is a new actively managed ETF focused on large-cap companies with high "shareholder yield." It is actively managed, but they focus on large-cap and more value-oriented sectors and still employ a model-based approach with a quantitative algorithm. LYLD's approach doesn't just focus on dividend yield, but also share repurchases and debt reduction, which could potentially make it more of a dividend growth play over the long term.
