Yorkville ETF Advisors plans to list two more exchange traded funds that invest in master limited partnerships, an asset class that has grown popular with investors seeking alternative sources of income in recent years.
Last month, the firm introduced its first fund, Yorkville High Income MLP ETF (NYSEArca: YMLP). [High Income MLP ETF Launches]
The company has filed to launch the Yorkville High Income Composite MLP ETF and Yorkville High Income Infrastructure MLP ETF. The tracking benchmarks are made up of MLPs that meet certain standards related to current yield, coverage ratio and distribution growth.
YMLP has become the third-most successful ETF launch in 2012 in terms of average daily volume, Yorkville said.
MLPs are companies involved with the transportation and storage of commodities including oil and natural gas. They have high dividend yields.
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