WMB - HTD: A Solid Income Fund With Improving Valuation

• Investors have been continuing to struggle with the current low interest rate environment as it renders it difficult to get any degree of income.
• HTD invests in a portfolio of primarily utility stocks but it is also diversified across several other sectors.
• The fund's very low turnover rate is quite impressive as it allows more money to flow through to investors.
• The 7.17% distribution yield appears to be easily covered, which is appealing.
• The fund is trading at a discount, which is much more attractive than the premium that it had the last time that we looked at it.

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