QYLD - Want Exposure to the Magnificent Seven Plus a High Dividend Yield? Here's One Way to Do It.
2024-03-20 07:08:00 ET
The words "Nasdaq" and "high yield" don't often appear in the same sentence, but they are both great ways to describe the Global X Nasdaq 100 Covered Call ETF (NASDAQ: QYLD) .
Not only does this ETF invest in a weighted index of some of the best-known tech stocks in the world, but it also pays an extremely high dividend yield of nearly 12% as of this writing. With that in mind, here are some of the details of how this Nasdaq covered-call ETF works and some of the things you should keep in mind before investing.
A covered call ETF is an exchange-traded fund that buys stocks or other assets and sells covered calls on its positions to generate income.
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Want Exposure to the "Magnificent Seven" Plus a High Dividend Yield? Here's One Way to Do It.