10 Best Performing Dividend ETFs In 2024

6. FlexShares Quality Dividend Index Fund (NYSE:QDF)

YTD Share Price Performance as of December 30: 16.28%

FlexShares Quality Dividend Index Fund (NYSE:QDF) is one of the best performing ETFs to monitor. FlexShares Quality Dividend Index Fund (NYSE:QDF) aims to match the performance, in terms of price and yield, of the Northern Trust Quality Dividend Index, before fees and expenses. Established on December 14, 2012, the fund has an expense ratio of 0.37% and total assets of $1.84 billion. It holds 148 stocks and offers a distribution yield of 2.69%.

NVIDIA Corporation (NASDAQ:NVDA) is one of the top holdings of FlexShares Quality Dividend Index Fund (NYSE:QDF). Retail investors poured nearly $30 billion in net investments in NVIDIA Corporation (NASDAQ:NVDA), making it the most-bought stock by this group. Nvidia has received almost double the net inflows compared to the SPDR S&P 500 ETF Trust (SPY) and is on track to surpass Tesla, which was the top retail investor pick in 2023.

As of December 2024, Morgan Stanley analyst Joseph Moore remains confident in NVIDIA Corporation (NASDAQ:NVDA)’s long-term prospects, despite a recent pullback in its stock, viewing it as an opportunity. He believes Nvidia’s Blackwell chip, set to dominate the AI market in 2025, will drive significant growth. Moore expects Nvidia to continue gaining market share with this next-generation GPU, predicting the stock could surpass $150. While NVIDIA Corporation (NASDAQ:NVDA) faces export restrictions in China that could impact sales, Moore expects the company to remain resilient by targeting other markets.

Insider Monkey’s Q3 database indicates that 193 hedge funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), up from 179 funds in the preceding quarter. Ken Fisher’s Fisher Asset Management is one of the leading position holders of the company, with a stake worth nearly $12 billion.