Is it a profitable strategy to buy an ETF (such as, VOO or VT) before the ex-dividend date and hold for the dividend and sell immediately after. When I researched this (some googling), it told me that this strategy does not work for individual stocks because the self liquidation will happen during that time period so the stock will do down by the same amount as the div yield, making it pointless. However ETFs hold many stocks which issue dividends at different time periods, so it shouldn't go down the same amount as the dividend yield. Therefore, does this make it possible to make some extra money (or help your odds to do so)? Anyone tried this or researched the possibility of doing so?
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