2 Safe ETFs For Passive Income Investors
February started on a higher note. But after January’s rout on Wall Street, volatility looks poised to persist, at least for the next few weeks. As a consequence, many investors are looking to diversify their portfolios.
In the current inflationary context, one strategy that gets significant attention is steady yields.
Today’s article introduces two exchange-traded funds (ETFs) that could be appropriate for passive-income seekers, such as those approaching or in retirement or those seeking to pay for some regular expenses. 1. Global X SuperDividend US ETF
Current Price: $20.75
52-week range: $17.51 – $21.40
Dividend yield: 5.27%
Expense ratio: 0.45% per year
The Global X SuperDividend US ETF (NYSE: DIV )gives access to 50 of the highest dividend-yielding US equities. The fund, which started trading in March 2013, makes monthly distributions. DIV Weekly Chart Consumer staples have the highest slice in DIV with 23.8%. Next come utilities (15.5%), real estate (12.3%), industrial (11.7%), financials (9.2%), energy (9.0%) and health care (7.4%). The top 10 holdings comprise about a quarter of net assets of $704 million.Pharma giant Pfizer (NYSE: PFE ); BP Midstream Partners (NYSE: BPMP ), which is a master limited partnership; real estate investment trusts (REIT) Public Storage (NYSE: PSA ) and CubeSmart (NYSE: CUBE ), which focus on self-storage facilities; public utility American Electric Power (NASDAQ: AEP ) make up some of the leading stocks in the portfolio.In the past 12 months, DIV is up almost 17% and saw a multi-year high in January. However, since then, several names in the fund have come under pressure, and the ETF lost about 0.5% year-to-date (YTD). Nonetheless, we like the diverse and robust names in the portfolio and believe the fund should be on investors’ watchlists. 2. JP Morgan Equity Premium Income ETF Current Price: $61.47 52-week range: $53.96 […]
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