ETF Trends
ETF Trends

A fund that debuted in March of this year that has made a nice impression thus far on the ETF community is Yorkville High Income MLP (NYSEArca: YMLP).

Currently the ETF boasts a 30-Day SEC Yield of 7.82% and a Distribution Yield of 8.56% as “Dividend” based equities have been in favor for more than a year now among investors.

Tracking the Solactive High Income MLP Index, YMLP owns Master Limited Partnerships that are involved business lines in oil and natural gas exploration and production and/or related activities such as dry bulk shipping, crude oil shipping, marketing of natural resources, and other “sub-categories” within the greater MLP space.

Currently, the fund has attracted more than $58 million in assets under management, and considering 2012 has been a difficult environment to say the least as far as asset raising efforts have gone (several ETF providers have shuttered their
funds this year as well if not discontinued entire product lines), the development of YMLP as a viable alternative in the MLP ETF space has been noteworthy.

The fact sheet of YMLP also discusses the fact that the fund does not distribute a K-1, but instead has 1099 reporting for those investors, advisors, and accountants whom may be considering investments in the MLP ETF/ETN space and may be debating on which fund structure suits them most adequately. [MLP ETFs for an Income Stream]

This morning, the fund briefly traded below its 50 day moving average before finding some support there. Owning 25 names currently, top holdings currently in YMLP are FGP (5.50%), LINE (5.37%), and TNH (5.32%). YMLP averages about 42,000 shares per day in terms of trading volume but due to the nature of the underlying index, liquidity in the fund is deeper than meets the naked eye.

Yorkville High Income MLP

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