Exchange traded funds that invest in master limited partnerships have been a popular option for income-seeking investors. A new entrant joined the field of MLP ETFs on Tuesday.
Yorkville High Income MLP ETF (NYSEArca: YMLP) listed Tuesday. The fund has operating expenses of 0.82% and is managed by Yorkville ETF Advisors. It is the firm’s first ETF. [More MLP ETFs in the Pipeline]
MLPs enjoy tax benefits and pay out most of their net income to investors. [Master Limited Partnership ETFs]
The companies focus on the transportation, storage and processing of energy, including oil and natural gas. [MLP ETFs Attract Yield Hunters]