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This article was first released to CEF/ETF Income Laboratory subscribers three weeks ago, so data may be out of date.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||16.30||0.0||0.00||0.00||6.40|
|POWERSHARES QQQ TRUST SERIES 1||193.23||0.0||0.00||1.49||0.78|
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