Ex-Dividend Day

Dear clients, just FYI, for those of you who watch your accounts on a daily basis, today is a day when a large number of your ETF positions trade without their December dividend payout. Therefore, the price trades without the amount of the dividend per share. Artificially lessening the upside move or exacerbating the downside move, whichever occurs today.

In a few days (the pay date) the dividend will be paid to your account, causing the opposite -- exacerbating an upside day, or limiting the move on a downside day.


On another note, all of us here at PWA wish you and yours a very Merry Christmas and the Happiest of New Years!