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ETF Month No. 3: 11%-Yielding QYLD, An ETF Alternative To QQQX

Published Wed, 15 May 2019 08:23:00 -0400 on Seeking Alpha

This article was first released to CEF/ETF Income Laboratory subscribers three weeks ago, so data may be out of date. Please check latest data before making investment decisions.
During "ETF Month," I will focus on profiling different exchange-traded funds. Some of these will be income focused, whereas others may not be. Additionally, I may profile some higher risk sector-specific or leveraged ETFs that I can find particularly interesting. Hence, none of the ETFs profiled this month should be automatically considered to be "buy" recommendations.
(Note: due to the delay to the start of the series, "ETF Month" will be designated as lasting throughout May)
I also will be taking ETF suggestions, so do let me know if you have any ETFs on your horizon.
What are the advantages and disadvantages of ETFs compared to CEFs?
Most ETFs are passively managed. The advantage of this is lower fees compared to CEFs, which are actively managed. The disadvantage is that a passive fund will simply own everything in the index indiscriminately. ETFs will nearly always trade close to their net asset value (NAV). The advantage of this is that one does not have to worry about premiums or discounts. The disadvantage is that one does not have the opportunity to buy funds at a discount, nor to exploit the concept of premium/discount mean reversion. ETFs usually do not employ a managed distribution policy. In other words, they pay out as dividends what they receive as income from their... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NUVEEN S&P 500 DYNAMIC OVERWRITE FUND 15.66   0.0 0.00 0.00 6.76
POWERSHARES QQQ TRUST SERIES 1 178.16   0.0 0.00 1.45 0.80

NUVEEN S&P 500 DYNAMIC OVERWRITE FUND - SPXX
NUVEEN S&P 500 DYNAMIC OVERWRITE FUND - SPXX  


Older articles featuring Nuveen S&p 500 Dynamic Overwrite Fund (SPXX):
Yield Hunter CEF Report March 2019: Distribution Cuts Pick Up, But So Do Increases
Option-Income Equity CEFs: 10% Yields With Some Defense For Your Portfolio
A Low Volatility Income And Dividend Portfolio Sporting A 7% Yield
Equity CEFs: How To Buy The Dow Jones Industrial Average At A 10% Discount And A 6.9% Yield

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