WBI Power Factor High Dividend ETF (WBIY) Overtakes $50 Million Milestone

WBI Investments today announced the WBI Power Factor High Dividend ETF (WBIY) has surpassed $50 million in assets under management. Introduced in December 2016, WBIY is an advanced multi-factor Smart Beta ETF providing investors with a powerful combination of high dividend yield and high-quality fundamentals. Designed to track the Solactive Power Factor High Dividend Index, selection is driven by WBI’s proprietary Power Factor model, which identifies the top 50 stocks with the highest yield and strongest fundamentals out of the 3,000 stocks in the Solactive all-cap U.S. equity universe.