New Dividend ETF Launches Just As Fed Decision Looms — Is KDVD The SMID-Cap Play Investors Need?

Gabelli Funds launched theKeeley Dividend ETF(NYSE:KDVD), an actively managed fund targeting income and long-term appreciation through small- and mid-cap dividend payers, just as markets hover near record highs and investors brace for a highly anticipated Federal Reserve rate cut.

• Keeley Dividend ETF stock is approaching key resistance levels. Why are KDVD shares at highs?

The SMID-cap-focused strategy seeks to uncover missed dividend opportunities and is managed by the Chicago-based team of Thomas E. Brown Jr. and Brian P. Leonard, who joined Gabelli after its recent acquisition of Keeley Asset Management.

"We believe...