Harbor Dividend Growth Leaders ETF (GDIV)·Financial Services

In the fourth quarter, market breadth broadened materially: Small- and mid-cap stocks outperformed mega caps, cyclicals gained traction, and sector leadership rotated toward Financials, Industrials, and Health Care. Mueller Industries outperformed during the quarter, as the company reported strong quarterly results with net income and earnings-per-share growth ahead of Wall St. expectations. We have become more constructive on the Energy sector, given oil prices, valuations, and sentiment, and added exposure to the sector during the quarter.

Ballentine Partners LLC decreased its position in shares of Harbor Dividend Growth Leaders ETF (NYSEARCA:GDIV) by 46.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,536 shares of the company's stock after selling 146,299 shares during the period.
Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in dividend-paying equity securities. The fund invests primarily in equity securities, principally common and preferred stocks of large capitalization companies with a history of paying dividends or as determined by the Subadviser’s analysis, the ability to increase dividends in the future.
Financial Services
Asset Management
2022-05-23
0.86
Market Peers





