BSTZ - Don't Buy QYLD: Buy These CEFs Instead

April, 15 2021 11:52 PM BlackRock Science and Technology Trust II of Beneficial Interest

QYLD has a strong following among yield-seeking investors attracted to its 12% distribution.
That distribution comes at a severe cost to long-term sustainability of the fund's value and its income generating capacity.
Consider instead one of these two Closed-End Funds with a similar strategy of a technology-sector portfolio with an overlay of covered-call writing to generate income.
A key difference is the CEFs have actively managed portfolios which have generated hugely better results than QYLD's passive index-following.

For further details see:

Company Name:	BlackRock Science and Technology Trust II of Beneficial Interest
Stock Symbol:	BSTZ
Market:	NYSE
Website:	blackrock.com/us/individual/products/308764/