Want Exposure to the "Magnificent Seven" Plus a High Dividend Yield? Here's One Way to Do It.
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.
Source Fool.com
