Is YYY ETF a good investment?
Is YYY ETF a good investment?
The Amplify High Income ETF (YYY) is an index ETF investing in the CEFs with the strongest yields, discounts to NAV, and liquidity. YYY’s strategy seems reasonably good, and results in a very diversified fund with a strong 8.3% dividend yield.
Is YYY leveraged?
It’s important to note that many CEFs use leverage in order to pay their high yields and the components of YYY are no exception. More than half of the top 10 holdings use leverage with the typical amount around 25-30%.
Is YYY a monthly dividend?
YieldShares High Income ETF (NYSEARCA:YYY) pays monthly dividends to shareholders.
Can you sell shares of a closed-end fund?
A closed-end fund is a type of mutual fund that issues a fixed number of shares through a single initial public offering (IPO) to raise capital for its initial investments. Its shares can then be bought and sold on a stock exchange but no new shares will be created and no new money will flow into the fund.
How much does YYY pay in dividends?
YYY Dividend History
| Ex/EFF DATE | TYPE | CASH AMOUNT |
|---|---|---|
| 01/29/2020 | CASH | $0.13 |
| 12/30/2019 | CASH | $0.063 |
| 11/22/2019 | CASH | $0.13 |
| 10/28/2019 | CASH | $0.13 |
What dividend does YYY pay?
Market Cap: Dividend: 29-Dec $0.13 (Est.)
Are ETF open or closed-end?
Mutual funds and ETFs are open-ended funds. They “open” because when outside investors buy and sell shares, the shares are issued and repurchased by the fund’s management—rather than being sold and purchased by other outside investors.
What is the advantage of a closed-end fund?
Lower Expense Ratios. With a fixed number of shares, closed-end funds do not have ongoing costs associated with distributing, issuing and redeeming shares as do open-end funds. This often leads to closed-end funds having lower expense ratios than other funds with similar investment strategies.
What stocks make up YYY?
FUND HOLDINGS
- PIMCO DYNAMIC INCOME FD SHS. 6.10%
- OXFORD LANE CAP CORP COM. 3.62%
- LIBERTY ALL STAR EQUITY FD SH BEN INT. 3.24%
- BLACKROCK CR ALLOCATION INCOME COM. 3.00%
- EATON VANCE LTD DURATION INCOM COM. 2.99%
Can an ETF be closed-ended?
ETFs have a redemption/creation feature, which typically ensures the share price doesn’t stray significantly from the net asset value. As a result, an ETF’s capital structure is not closed. CEFs do not have such a feature.
What is a closed ETF?
Closed-end funds are a type of investment company whose shares are traded in the open market like a stock or ETF. Capital does not flow into or out of the funds when shareholders buy or sell shares. Like stocks, shares are traded on the open market. A CEF’s share price is almost always different from its net asset …
What is the YYY high income ETF?
Amplify High Income ETF YYY is a portfolio of 45 closed-end funds (CEFs) based on a rules based index. The ISE High Income Index selects CEFs ranked highest overall by ISE in the following factors: Yield, Discount to Net Asset Value (NAV), and Liquidity.
What is amtrack high income ETF YYY?
Amplify High Income ETF YYY is a portfolio of 30 closed-end funds (CEFs) based on a rules based index. The ISE High Income Index selects CEFs ranked highest overall by ISE in the following factors: Yield, Discount to Net Asset Value (NAV), and Liquidity.
What is the YYYY index?
YYY is a portfolio of 45 closed-end funds (CEFs) based on a rules based index. The ISE High Income Index selects CEFs ranked highest overall by ISE in the following factors: Yield, Discount to Net Asset Value (NAV), and Liquidity.
Are there any restrictions on the assets or strategies of YYY?
There are no restrictions on the assets or strategies of the underlying funds. YYY seeks yield using a basket of closed-end-funds (CEFs). The index-based fund typically holds about 30 CEFs, selected and weighted based on three criteria: yield, discount to NAV, and trading volume.
