3 High Yielding ETFs That Hit 52-Week Highs

ETF investors continue to search for yield, and these 3 hit the mark

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3 High Yielding ETFs That Hit 52-Week Highs

Yorkville High Income MLP (YMLP)

It only took a few weeks last May for YMLP to fall 6% in value. From some people’s perspective, it may be difficult to get excited about an investment where most of the annualized cash flow could be wiped out in a few weeks of rapidly rising rates. Then again, with $250 million in assets under management and a distribution yield of 8.9%, there are plenty of dollars chasing the pipeline possibility.

Perhaps surprisingly, YMLP recently hit a 52-week high. If rates manage to finish 2014 where I expect them to finish — with the 10-year at 2.75% — YMLP could see a modicum of capital appreciation to add to “junk-bond-like” cash flow. Keep in mind, I am not recommending that investors hold-n-hope for a particular outcome with this price sensitive investment; rather, I am pointing out that yield chasing has not evaporated in the wake of expert predictions that rates have to go higher.

 

YMLP 52 Week High 3 High Yielding ETFs That Hit 52 Week Highs


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/high-yielding-etfs-hgi-ymlp-bdcs/.

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