ALPS [profile] is working on its fifth exchange-traded fund. Benzinga reports that the Denver-based back-office provider and DST subsidiary filed to launch the ALPs Sector Dividend Dogs ETF, which will track the fifteen-year-old Sector Dividend Dogs Index.

"With dividend ETFs continuing to soar in popularity, issuers are scrambling to bring to new funds to market," Benzinga writes.

The filing did not include a ticker for the proposed ETF.

According to data from the ETF Industry Association, ALPS manages four ETFs with a combined AUM of more than $3 billion as of the end of March. 

Edited by: HFD


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