Its largest holding is NextEra Energy, which makes up 16% of the fund's total assets. Duke Energy (NYSE:DUK), Southern Company (NYSE:SO), and Dominion Energy (NYSE:D) all make up at least 6% each. But beyond that, no other stock accounts for even 5% of the ETF's assets.
Contrast that with the typical stock within the S&P 500 where that multiple is above 27 and it is easy to see why there is some great value here. This ETF also pays a yield of 3.2%, which, on a $25,000 investment could generate $800 per year in dividends.
However, as investors turn to safety amid rising valuations, utility stocks could soon become much more attractive buys and it wouldn't be surprising for the fund to rise in value and recover before the year is over.