My writing career on Seeking Alpha has predominantly focused on covering Income Ideas in exchange-traded funds and closed-end funds.
It was only a matter of time until I covered the ETF which is investing in CEFs, right?
Throughout my career as an investment advisor, I found there were generally two types of closed-end fund investors. The first group is the income-focused, but less knowledgeable investors. They either found closed-end funds through doing a search for high dividend-paying "stocks" or, as in many cases, were elderly investors who were sold the closed-end fund by their wirehouse/Wall