FDVV
Fidelity High Dividend ETF
stock NYSE ETF

I do something similar.
Schd/FDVV/VYMI are core positions
I also have some larger positions in Mlpx and ET
Then my satellites I choose high yielders that are out of favor with the market but have strong fundamentals and a covered dividend.
I redirect the dividends to my core as I wait until the position is considered fair value then I recycle the capital into other opportunistic buys.
The strategy has worked pretty well for me so far as I typically collect 7-10% yield while waiting on 15-20% capital appreciation.
I will also pick up lower yielding stocks if it is a good opportunity. Such as MSFT at $351, ACN at $119 etc.
As long as you do your research and don't blindly chase yield it's a great way to get growth while building your dividend pile

FDVV, SCHD, DGRO and VYM ($150K each), SMH and QQQM, ($250K each) and VOO $400K. Let it ride.

Seeing the downvotes sometimes I think this sub should be a bit more open to considering opinions that are slightly different than the VT and chill dogma. What you’ve stated isn’t crazy. It’s not like you’re YOLO-ing into a single stock. And I assume some of your investment thesis is that FDVV has a lower average PE ratio than VTI, for example.

I like some dividend growth for a portion of my portfolio. I like FDVV. I think it's around 20% of my stock holdings.

Management fees have nothing to do with where to place investments. Both SCHD and FDVV distribute taxable dividends, so your comparison really doesn't make much sense.

FDVV