SPYD ETF

Yo Thump,
What do you think about this ETF (SPYD). Kind of a "Dogs of the S&P" strategy investing in the 80 highest yielding stocks of the S&P. Pretty low expense ratio too (.12)

Fund Summary

The investment seeks to track the performance of the S&P 500 High Dividend Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500® Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). The fund is non-diversified.

I'm not really interested in it, sorry.

I couldn't check them all but usually find that most of the highest
dividend paying stocks look like the dividends aren't sustainable.
Every once in a while I find one that I think will do fine but I
wouldn't buy a basket of them.
I like them to be paying not more than 75% of their
earnings on dividends and prefer not more than 2/3 of the
earnings are needed to pay the divvy.
Many of those stocks really are "dogs".

Vanguard closed one of it's dividend funds to new investores
because the demand is just a little too hot right now.
If I put any in an ETF now it'll be VTI for the whole market.