This 14% Yielding Covered Call ETF Just Made A Huge Change

"Find Out Why TSPY May Be One Of The Best Covered Call ETFs For Income"

As you know by my name, I love dividends. And in addition to sharing on here, I write regularly on the investment platform- Seeking Alpha.

My goal there is to teach everyday investors about building wealth, so they won’t to need to work to traditional retirement age.

I want to help you take control of your life, have F.I.R.E.

Here at Dividend Collection Agency the goal is to give investors and/or readers a different perspective. We take a simple approach to building wealth. And although investing may seem easy, people often miss opportunities by over complicating it.

But we are here to help.

Current Price: $25.59

While I remain somewhat skeptical about owning covered call ETFs, I’ve warmed to the idea of holding them in a separate income-focused portfolio.

The risk of severe NAV erosion during a prolonged bear market is something I continue to keep at the forefront of my mind. However, for investors seeking high levels of income, it is important to separate the wheat from the chaff when evaluating these products.

With inflation remaining elevated and potentially moving higher, I believe demand for high-yield income vehicles will remain strong as investors increasingly seek additional cash flow.

Regarding TappAlpha’s S&P 500 Growth & Daily Income ETF (TSPY), the fund recently implemented a change that I believe improves its long-term outlook and makes an already attractive income ETF even better.

In this article, I discuss TSPY’s strategy, recent changes, and why it has become one of my favorite ETFs in the covered call space.