DJIA: A Dow Jones Covered Call Fund, 6.7% Yield (NYSEARCA:DJIA)
If you’re looking for a way to invest in the Dow Jones Industrial Average (DJIA) while also earning a solid yield, the DJIA Covered Call Fund could be a good option for you. This fund, which trades under the ticker symbol DJIA on the NYSEARCA, offers investors a 6.7% yield.
Covered call funds like DJIA work by holding a portfolio of stocks that track the DJIA index, while also selling call options on those stocks to generate additional income. This strategy can help enhance returns, especially in a flat or slightly declining market.
Investing in DJIA can provide investors with exposure to some of the largest and most well-known companies in the US, while also offering a steady stream of income through the covered call strategy. With a yield of 6.7%, this fund could be a good option for income-focused investors looking to add some diversification to their portfolio.
Overall, DJIA is a solid option for investors looking to invest in the Dow Jones Industrial Average while also earning a decent yield. Keep in mind that like all investments, there are risks involved, so be sure to do your own research and consult with a financial advisor before making any investment decisions.