YYY Provides High Yield But Comes With Poor Price Movement

Jun. 19, 2021 7:30 AM ETAmplify High Income ETF (YYY)YYY9 Comments

Summary

  • Amplify High Income ETF is an ETF that holds 30 closed-end funds based on its underlying index.
  • For investors only worried about generating income, YYY does that, but it has had a history of reducing its distribution.
  • I would currently give YYY a Neutral rating: Good yield but poor price performance.
3d arrows and percent sign on a background of a building under construction and US banknotes. Concept of growth of financial and mortgage rates, profits in construction industry.
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Introduction

In the continued world of low interest rates, investors are on the lookout for higher-yielding investments. Unfortunately, this probably means taking on more risk than before or more than one might want. Income investors usually have a decision to make: how much Total Return

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Retired Investor has been investing since the 1980s and has a background in data analysis and pension fund management. He writes articles to help others prepare for retirement by investing in CEFs, ETFs, BDCs, and REITs. He is a long only investor and shares strategies for trading options with a focus on cash-secured-puts.

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Analyst’s Disclosure:I am/we are long RNP. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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