ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Alternatives Channel
      • Artificial Intelligence
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Education
      • ETF Investing
      • ETF Strategist
      • Faith-Based Investing
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Invest Beyond Cash
      • Leveraged & Inverse
      • Modern Alpha
      • Portfolio Strategies
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Gold/Silver/Critical Materials
        • Crypytocurrency
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Indexes
    • Scenario Analysis
    • Watchlists
    • Head-To-Head ETF Comparison Tool
    • Mutual Fund To ETF Converter
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • Gaining Perspective Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETF Building Blocks Channel
  2. Ride Snap-On Earnings in SDOG  
ETF Building Blocks Channel
Share

Ride Snap-On Earnings in SDOG  

Nick Peters-GoldenJul 18, 2023
2023-07-18

With earnings week well underway this Tuesday, investors have much to look forward to in stock news. All sorts of firms are reporting their Q2 earnings, including the intriguing high-end tools manufacturer Snap-On Inc (SNA). For investors looking to play the Snap-On earnings arriving Thursday, the ALPS Sector Dividend Dogs ETF (SDOG B-) can help. The strategy’s reliance on dividends as well as its weight towards SNA may make it an intriguing ETF to watch.

Snap-On Earnings

SNA, based out of Kenosha, Wisconsin, has already risen significantly YTD from about $228 to nearly $300. The stock is currently sitting on a solid forward price-to-earnings ratio of 16.68, per YCharts, returning 30.7% YTD. Market previews for the earnings call emphasize the firm’s earnings surprise last quarter as well as expected growth to its gross margin. That said, the firm does face some inflationary challenges tied to its supply chain.

Should SNA offer another earnings surprise and some appealing positive news, SDOG could be one way in. SDOG weights SNA at 2.1% as part of its equal-weighting scheme. The strategy allocates assets equally to each of its 10 sectors, looking for the stocks with the highest dividend yields.

So while the strategy doesn’t have the highest weight towards the stock, its current income makes a nice bonus. SDOG currently offers a 4% annual dividend yield, for example. The Siren DIVCON Dividend Defender ETF (DFND C+) weights it at 4.9%, for example, but charges a massive 150 basis point (bps) fee. SDOG provides a route into Snap-On earnings for a much lower fee of just 36 bps, meanwhile.

See more: The Bull Case for High Dividend ETFs in SDOG

That current income from dividends can then be reinvested in other ETFs. What’s more, joining in for Snap-On earnings means joining in for SDOG’s technical action. The ETF is showing some solid momentum, with its price rising above its 200-day simple moving average briefly on Tuesday, per YCharts.

Taken together, SDOG can provide an intriguing option for those eager to play Snap-On earnings. For those investors intrigued by how the firm might ride a broader rebound in manufacturing, the equal sector ETF may be one to watch.


Content continues below advertisement

For more news, information, and analysis, visit the ETF Building Blocks Channel.

vettafi.com owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for SDOG, for which it receives an index licensing fee. However, SDOG is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of SDOG.

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2025 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X