3 High-Yield Dividend ETFs to Buy to Generate Passive Income

There are many ways to generate passive income these days. Investing in exchange-traded funds (ETFs) might be the most passive way to produce passive income. You don't have to manage them like a portfolio of stocks or rental property. Because of that, you can simply sit back and collect the income.

SPDR Portfolio S 500 High Dividend ETF (NYSEMKT: SPYD), JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI), and SPDR Portfolio High Yield Bond ETF (NYSEMKT: SPHY) are great high-yield dividend ETFs for those seeking passive income. Here's why income-seeking investors should take a closer look at these ETFs.

The SPDR Portfolio S 500 High Dividend ETF holds 80 of the top high-yielding dividend stocks in the S 500 index. So, it provides investors with an instantly diversified portfolio of income stocks. The fund has the following sector allocations:

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Source Fool.com