HVPW sells 60 day listed put options every 2 months, or 6 times per year, on 20 stocks. The ETF will try to pay out net investment income of about 1.5% of the fund’s net assets at the end of each 60-day period. The fund shows a current yield of about 9% if it keeps up its 1.5% target.
Since its inception in March, HVPW has gained 1.2%. Meanwhile, the ETF has paid out 7.5% in distributions for the 10 months the fund was live.
ALPS U.S, Equity High Volatility Put Write Fund
Correction: Updated HVPW’s yield since inception.