DIVZ Polen Dividend Income ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

DIVZ — —
Key stats
About

Polen Dividend Income ETF (DIVZ) ETF

No description available.

Exchange
ARCX
Inception
2021-01-27
Has Options
No
Fund profile
holdings as of Oct 16, 2026third-party datathrough Jun 2026flows, SEC filings
Factor & Dividend High Dividend#17 of 41 by assets Polen Actively managed
Expense ratio
0.65%
prospectus, filed Apr 30, 2026
Assets
$267M
SEC filing, Jun 30, 2026
Trailing yield
2.58%
paid monthly
Average daily volume
$898K
30 sessions
Holdings
30
top 10 are 50.2%
Listed
Jan 27, 2021
NYSE Arca
Closure risk, 12 months
1.6%
low · model
FrenzyCap ETF score
35
how it is built
Cost15
Liquidity32
Scale53
Diversification54

Moves with. Value over growth (42% of its variance, beta 0.59); US large-cap stocks (14% of its variance, beta 0.59). These factors explain 62% of its daily moves over the last year.

Stated objective. Polen Dividend Income ETF (the Fund) seeks to provide capital appreciation with lower volatility and a higher dividend yield compared to the S&P 500 Index. (from the fund's prospectus)

All 30 holdingsFlow historySimilar fundsOverlap toolAll High Dividend ETFs

Fund flows
through Jun 2026SEC filings
Jun 2026
+$23M
latest reported month
Latest 3 months
+$34M
+12.9% of assets
Latest 12 months
+$77M
+28.9% of assets
Jul 2025: +$2.5MAug 2025: +$3.6MAugSep 2025: +$7.6MOct 2025: +$9.7MOctNov 2025: −$1.4M−$1.4MDec 2025: +$6.9MDecJan 2026: +$5.5MFeb 2026: +$3.9MFebMar 2026: +$4.5MApr 2026: +$6.7MAprMay 2026: +$4.9MJun 2026: +$23M+$23MJun
View as a table
Net flows of DIVZ by month, Jul 2025 to Jun 2026
MonthNet flow
Jun 2026+$23M
May 2026+$4.9M
Apr 2026+$6.7M
Mar 2026+$4.5M
Feb 2026+$3.9M
Jan 2026+$5.5M
Dec 2025+$6.9M
Nov 2025−$1.4M
Oct 2025+$9.7M
Sep 2025+$7.6M
Aug 2025+$3.6M
Jul 2025+$2.5M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 15 months ago

Similar funds
FundOverlapFeeAssets1Y
DURAVanEck Durable High Dividend ETF33%0.30%$38M+17.4%compare
HDViShares Core High Dividend ETF33%0.08%$15.6B+21.7%compare
BGIGBahl & Gaynor Income Growth ETF32%0.45%$2.2B+13.5%compare
CGCVCapital Group Conservative Equity ETF29%0.33%$2.2B+9.5%compare
BBLUEA Bridgeway Blue Chip ETF28%0.15%$446M+16.1%compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Oct 16, 2026third-party data
Holdings vs fair value
+4.1%
35% under, 19% over · 98% covered
Price / earnings
21.7
0% loss-making · 94% covered
Price / book · sales
3.6 · 3.0
revenue growth +8.2%
Above 200-day average
61%
59% above 50-day · by weight
Short interest
2.2%
of float, weighted · 3.8 days to cover
Insider buying
7%
of weight had net insider buying, 90 days; 46% net selling
13F holders
+3.2%
change in shares held by institutions, latest quarter
Reporting earnings
26.6%
of weight in 7 days; 50.5% in 14
Largest contributors below fair value
MPLX+31%VZ+26%UNH+21%UPS+37%XOM+20%
Largest contributors above fair value
PM−14%NEE−15%BIPC−16%TXN−19%MSFT−9%

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
ExitVLOValero Energy Corp3.85%——
IncreaseUNHUnitedHealth Group Inc2.19%5.98%+77.9%
ExitDDominion Energy Inc3.76%——
New positionRTXRTX Corp—3.07%—
DecreaseCVXChevron Corp6.89%4.01%−27.2%
New positionUNPUnion Pacific Corp—2.41%—
ExitDVNDevon Energy Corp2.38%——
ExitLENLennar Corp1.99%——
New positionABTAbbott Laboratories—1.95%—
New positionTXNTexas Instruments Inc—1.84%—

Full holdings and history

Under the hood
fiscal year to Dec 31, 2025SEC census
Authorized participants
5 active
of 5 with agreements; top 3 did 94%
Created · redeemed
$45M · $14M
over the fiscal year
Redemptions in kind
1%
creations 1% in kind
Creation unit
10,000
shares
Securities lending
not authorized

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-06-30
Holdings
30
AUM
$266.9M
Provider
Nport
Inception
2021-01-27
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.65%
Dividend Yield
2.59%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-29 2026-09-30 $0.0461 CD
2026-08-28 2026-08-31 $0.1151 CD
2026-07-30 2026-07-31 $0.0503 CD
2026-06-29 2026-06-30 $0.1023 CD
2026-05-28 2026-05-29 $0.0900 CD
2026-04-29 2026-04-30 $0.0562 CD
Asset Allocation
Top Holdings
top 30 of 30 holdings
Symbol Name Weight % Asset Class Country
UNH UnitedHealth Group Inc 5.98% Equity (common) US
PM Philip Morris International Inc 5.80% Equity (common) US
MPLX MPLX LP 5.61% Equity (common) US
VZ Verizon Communications Inc 5.23% Equity (common) US
JNJ Johnson & Johnson 4.83% Equity (common) US
NEE NextEra Energy Inc 4.73% Equity (common) US
UPS United Parcel Service Inc 4.63% Equity (common) US
CVX Chevron Corp 4.01% Equity (common) US
BTI British American Tobacco PLC 3.87% Equity (common) GB
HD Home Depot Inc/The 3.86% Equity (common) US
AEP American Electric Power Co Inc 3.59% Equity (common) US
ABBV AbbVie Inc 3.49% Equity (common) US
HSY Hershey Co/The 3.22% Equity (common) US
ENB Enbridge Inc 3.21% Equity (common) CA
CME CME Group Inc 3.15% Equity (common) US
RTX RTX Corp 3.07% Equity (common) US
CI Cigna Group/The 3.06% Equity (common) US
GS Goldman Sachs Group Inc/The 2.84% Equity (common) US
AIG American International Group I 2.81% Equity (common) US
PEP PepsiCo Inc 2.54% Equity (common) US
ATO Atmos Energy Corp 2.47% Equity (common) US
BIPC Brookfield Infrastructure Corp 2.46% Equity (common) CA
UNP Union Pacific Corp 2.41% Equity (common) US
MO Altria Group Inc 2.35% Equity (common) US
— STATE STREET INSTITUTIONAL US 2.14% Short-term investment US
ABT Abbott Laboratories 1.95% Equity (common) US
TXN Texas Instruments Inc 1.84% Equity (common) US
PG Procter & Gamble Co/The 1.84% Equity (common) US
KMI Kinder Morgan Inc 1.57% Equity (common) US
QCOM QUALCOMM Inc 1.41% Equity (common) US
Geographic Breakdown
Non-Equity Breakdown
Polen Dividend Income ETF · NPORT-P period 2026-06-30 (filed 2026-08-27)
Net assets: $267M · 30 total positions · equity 97.82% · non-equity 2.14%
Non-equity holdings — 1 positions, 2.14% of NAV
Category Weight Value Positions
Short-term investment 2.14% $5.7M 1
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-1.62%1.78%1.89%-0.80%3.30%3.09%1.27%
Feb2.44%-0.30%-3.64%0.63%2.96%3.41%0.92%
Mar6.44%2.57%-1.88%5.12%-0.44%-4.74%1.18%
Apr1.95%-5.06%0.32%-1.87%-1.65%2.75%-0.59%
May3.20%5.98%-6.69%4.28%3.34%-0.80%1.55%
Jun-2.63%-8.62%4.35%-0.16%1.46%0.99%-0.77%
Jul-0.17%2.63%2.87%5.05%0.40%2.57%2.23%
Aug2.39%-1.00%-2.64%3.47%1.95%-0.10%0.68%
Sep-4.29%-9.77%-3.74%2.43%1.47%-4.62%-3.09%
Oct2.71%9.25%-0.76%-0.71%-3.60%3.74%*1.77%
Nov-3.54%2.81%4.78%4.95%4.46%--2.69%
Dec4.79%-3.48%1.02%-5.59%0.39%---0.57%
Total11.62%-4.89%-4.70%17.43%14.65%5.99%6.68%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $37.14
SMA 50: $37.74
SMA 200: $37.78
Current: $37.75
EMA 12: $37.44
EMA 26: $37.42
MACD: 0.0218 | Signal: 0.1173
BEARISH
ADX (14): 20.23
WEAK TREND
+DI: 36.13
−DI: 25.36

Momentum Oscillators

RSI (14): 58.21
NEUTRAL
Stoch %K: 92.72
Stoch %D: 90.34
Williams %R: -0.87

Volume & Volatility

BB Upper: $37.93
BB Lower: $36.36
NEUTRAL
OBV: -583,358
Vol SMA 20: 24,291
Vol ROC: -72.18%
ATR: $0.22
True Range: $0.24
HV 20: 7.3%
HV 30: 7.6%
HV 60: 7.3%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

DIVZ Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.1254
Alpha: 3.74%
Correlation: 0.1618
R-Squared: 2.6%
Stock Volatility: 9.9%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

DIVZ Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

24 filers2,382,563 shares$87.90M value
# Filer Shares Value % of Total % of Float Period
1 Weaver Consulting Group 925,378 $33.79M 38.43% — 2026-09-30
2 ALONGSIDE, LLC 434,705 $16.25M 18.48% — 2026-06-30
3 49 WEALTH MANAGEMENT, LLC 434,705 $16.25M 18.48% — 2026-06-30
4 TITLEIST ASSET MANAGEMENT, LLC 403,537 $14.73M 16.76% — 2026-09-30
5 Cambridge Investment Research Advisors, Inc. 57,594 $2.15M 2.45% — 2026-06-30
6 Goldman Sachs Group Inc Custodian 22,672 $847.44K 0.96% — 2026-06-30
7 M3 Advisory Group, LLC 20,355 $760.84K 0.87% — 2026-06-30
8 Thrivent Financial for Lutherans 18,553 $696.00K 0.79% — 2026-06-30
9 Joel Isaacson & Co., LLC 15,768 $589.37K 0.67% — 2026-06-30
10 OSAIC HOLDINGS, INC. Custodian 11,342 $423.97K 0.48% — 2026-06-30
11 Regatta Research & Money Management 8,858 $331.10K 0.38% — 2026-06-30
12 Financial Gravity Companies, Inc. 8,421 $314.77K 0.36% — 2026-06-30
13 Financial Gravity Asset Management, Inc. 8,402 $312.80K 0.36% — 2026-03-31
14 Jane Street Group, LLC Custodian 6,350 $237.35K 0.27% — 2026-06-30
15 Northwestern Mutual Wealth Management Co 2,948 $110.19K 0.13% — 2026-06-30
16 UBS Group AG Custodian 1,434 $53.60K 0.06% — 2026-06-30
17 Highland Investment Advisors LLC 1,005 $37.58K 0.04% — 2026-06-30
18 Morgan Stanley Custodian 196 $7.33K <0.01% — 2026-06-30
19 HARBOUR INVESTMENTS, INC. 150 $5.61K <0.01% — 2026-06-30
20 EverSource Wealth Advisors, LLC Custodian 117 $4.37K <0.01% — 2026-06-30
21 DHJJ Financial Advisors, Ltd. 25 $946 <0.01% — 2026-06-30
22 Blue Trust, Inc. 23 $855 <0.01% — 2026-09-30
23 AE Wealth Management LLC Custodian 18 $656 <0.01% — 2026-06-30
24 JPMorgan Chase & Co Custodian 7 $264 <0.01% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
DIVZ Constituent Performance

Click any bar to view the full quote for that stock.

DIVZ Constituents (29 of 29)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
UNH UnitedHealth Group Inc 5.98% $426.11 +2.18%+4.78%+13.62%
PM Philip Morris International Inc 5.80% $201.33 +1.96%+0.72%+5.13%
MPLX MPLX LP 5.61% $57.8 -1.09%+1.20%-0.30%
VZ Verizon Communications Inc 5.23% $44.57 +2.32%+0.38%-5.81%
JNJ Johnson & Johnson 4.83% $266.31 +3.31%+5.15%-1.61%
NEE NextEra Energy Inc 4.73% $80.7 +3.09%+2.20%+6.72%
UPS United Parcel Service Inc 4.63% $101.32 +1.76%+3.57%+10.07%
CVX Chevron Corp 4.01% $224.64 -0.94%+2.43%+9.23%
BTI British American Tobacco PLC 3.87% $59.97 +1.82%+3.40%+7.05%
HD Home Depot Inc/The 3.86% $325.09 +3.49%+5.47%+11.26%
AEP American Electric Power Co Inc 3.59% $129.71 +1.82%+4.36%+10.33%
ABBV AbbVie Inc 3.49% $283.62 -0.41%+0.08%+6.98%
HSY Hershey Co/The 3.22% $175.07 +4.33%+3.79%+4.91%
ENB Enbridge Inc 3.21% $47.51 -1.05%+1.44%+0.33%
CME CME Group Inc 3.15% $305.71 +3.35%+5.61%+13.68%
RTX RTX Corp 3.07% $191.96 +0.19%+2.68%+1.78%
CI Cigna Group/The 3.06% $312.31 +2.61%+4.52%+17.63%
GS Goldman Sachs Group Inc/The 2.84% $893.16 -1.28%+0.21%-3.26%
AIG American International Group I 2.81% $82.62 +1.06%+4.42%+10.43%
PEP PepsiCo Inc 2.54% $138.13 +2.55%+7.59%+7.79%
ATO Atmos Energy Corp 2.47% $171.24 +2.57%+4.44%+9.47%
BIPC Brookfield Infrastructure Corp 2.46% $37.47 +2.08%-0.44%+8.50%
UNP Union Pacific Corp 2.41% $295.99 +2.82%+2.52%+8.00%
MO Altria Group Inc 2.35% $75.44 +2.18%+2.17%+9.52%
ABT Abbott Laboratories 1.95% $102.29 +1.77%-2.28%+1.21%
TXN Texas Instruments Inc 1.84% $280.65 -1.40%+0.55%+3.70%
PG Procter & Gamble Co/The 1.84% $166.57 +6.20%+6.04%+14.34%
KMI Kinder Morgan Inc 1.57% $33.12 -2.52%+0.90%+5.97%
QCOM QUALCOMM Inc 1.41% $175.28 -1.51%-1.75%-9.77%