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YYY Stock Summary
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Clear Winner Between YYY And CEFS
Amplify High Income ETF has maintained a consistent portfolio allocation with a focus on high-yielding closed-end funds. YYY delivered strong returns in 2023 but still under-earns its distribution yield, raising concerns about the sustainability of its payouts. Investors may want to consider the Saba Closed-End Fund ETF as an alternative, with higher historical returns and a more sustainable distribution policy.
Passive Vs. Active ETFs Of CEFs
Passive Vs. Active ETFs Of CEFs
Passive vs. Active ETFs of CEFs
Closed-end funds (CEFs) are relatively under the radar compared to peers like exchange-traded funds (ETFs) and mutual funds. Closed-end funds are generally desirable for two reasons: 1) high income; and 2) premium/discount mechanism.
YYY: Too Many Factors Working Against This Income ETF
Amplify High Income ETF warrants a sell rating due to declining share price, high expense ratio, and negative dividend growth rate. YYY consists of 79% bonds and 21% stocks, with holdings in U.S.-based closed-end funds. An alternative fixed-income fund, JPMorgan Equity Premium Income ETF, is preferred over YYY due to more favorable characteristics.
Income Opportunities in Bonds and Beyond
It's been a great year for alternative income strategies as inflation, interest rate, and recession risk fears dominated markets. Garrett Paolella of NEOS and Christian Magoon of Amplify ETFs joined VettaFi's Tom Lydon to discuss alternative income opportunities at the Income Strategy Symposium hosted by VettaFi on October 27.
YYY: Fund Of Funds That Fails To Deliver
Amplify High Income ETF is structured as an exchange-traded fund and serves as a "fund of funds" in the closed-end fund space. YYY aims to replicate the ISE High Income Index, which selects CEFs ranked highest overall by ISE via the following factors: yield, discount to net asset value and liquidity. The article argues why a rules-based methodology, like the one used by YYY, might not be suitable for the CEF space, with the fund's historic performance confirming this view.
ETFs Of CEFs: Diversification And Higher Distributions
ETFs Of CEFs: Diversification And Higher Distributions
YYY: Data Are Unattractive, And That's A Euphemism
Amplify High Income ETF has underperformed the S&P 500 index, with a -33% price decrease and -11% total return since February 2021. The YYY ETF is a fund of closed-end funds with a high expense ratio of 2.72% and a portfolio heavily weighted towards bonds. A rotational strategy in CEFs may be a better option for preserving capital and income stream against erosion and inflation compared to YYY.
Shakey September ahead?
Shakey September ahead?...
Amplify High Income: 12% Yield With Holdings Including PDI, PTY, OXLC, And USA
Amplify High Income ETF holds a basket of high-income closed-end funds. These include PDI, OXLC, USA, PTY, PAXS, and JPS. This does appear like income on steroids with extreme levels of diversification.
YYY Financial details
YYY Financial Performance
YYY Frequently Asked Questions
What is Amplify High Income ETF stock symbol ?
Amplify High Income ETF is a US stock and trading under the symbol YYY
What is Amplify High Income ETF stock quote today ?
Amplify High Income ETF stock price is $12.055 today.
Is Amplify High Income ETF stock public?
Yes, Amplify High Income ETF is a publicly traded company.