ETFs for Monthly Dividend Hunters

First Trust High Income ETF (NasdaqGM: FTHI)

Distribution rate: 3.56%

Comment: FTHI is the newest ETF on this list, having debuted in early January. The actively managed ETF uses a covered call strategy that consists of writing calls on the S&P 500, though its sector weights do no exactly mirror the S&P 500 as staples lead the way at 25%.