#3 Broaden Your Horizons to Include Innovative Income Strategies
The search for yield can take many forms and some investors are focused on one thing — high monthly dividends. If that is your primary objective, one new ETF that I believe offers a unique strategy is the YieldShares High Income ETF (YYY). This ETF is a “fund of funds” that invests in a basket of 30 closed-end funds with both equity and fixed-income holdings.
The 30-day SEC yield of YYY currently stands at 8.38%, and dividends are paid monthly to shareholders. This unique multi-asset approach offers a strong dividend stream and diversification in one package for aggressive income seekers.