6 High Dividend Yield ETFs for 2024: Maximize Your Returns!
Introduction to ETFs:
An ETF (Exchange Traded Fund) combines the liquidity of stocks with the diversification of mutual funds, allowing for trading throughout the day at varying prices. ETFs are similar to mutual funds but can be traded like stocks, providing both diversification and ease of trading.
Explanation of Six High Dividend Yield ETFs:
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QYLD: Covered Call ETF focusing on NASDAQ 100 stocks, yielding 12.4%.
iShares Mortgage Real Estate ETF: Holds mortgages on properties, with assets under management of $636 million, but caution advised due to current market conditions.
BlackRock Floating Rate Loan ETF: Recently launched, with $21 million under management, and may not be reliable due to its short track record.
Additional ETFs Covered:
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Global X S&P 500 Covered Call ETF (XYLD):
Uses covered call strategy on S&P 500 stocks, yielding 10.9%.
SPDR Bloomberg High Yield Bond ETF: Invests in junk bonds, yielding 6.4%, with $9 billion under management, but considered riskier.
Amplify High Income ETF (YYY): Invests in other high-yielding ETFs, offering diversification and a 12% yield with $400 million under management.
Investing in these ETFs is straightforward: they can be purchased through any brokerage platform just like stocks.
