Amplify ETF Trust - Amplify Municipal CEF High Income ETF (YYYM)
ETF analysis · AMEX · Financial Services · Asset Management - Income
Amplify ETF Trust - Amplify Municipal CEF High Income ETF (YYYM) is an exchange-traded fund in the Financial Services sector. Latest price: $18.03. Market cap $354.71K. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.
Get full analysis → Short-Term Analysis →You have viewed 6 SEO analysis pages
Unlock saved watchlists, personalized setups, and referral credits with a free Stocks360 account.
Continue with free signup1-Year Price
Proprietary Signals
About Amplify ETF Trust - Amplify Municipal CEF High Income ETF
This passively managed exchange-traded fund (ETF) seeks to deliver substantial monthly income by investing in a concentrated portfolio of 30 U.S. municipal bond closed-end funds (CEFs). These underlying investments typically offer the advantage of being exempt from ordinary U.S. federal income taxes. Fund selection follows a systematic, index-based methodology involving a two-stage screening process. Criteria for inclusion assess factors such as a minimum asset base, sufficient trading volume, attractive yield compared to the wider market, their trading price relative to Net Asset Value (NAV) – specifically focusing on discounts – and an upper limit of 6% on the expense ratio. Subsequently, eligible CEFs are ranked according to a composite score, with the highest-scoring 30 selected for inclusion in the index. Each fund's proportional representation within the portfolio is dictated by its relative yield, while also adhering to specific diversification and liquidity safeguards. The investment approach strategically targets high-yielding CEFs trading at a discount to their NAV, prioritizing those with ample liquidity to mitigate transaction expenses across the portfolio. The index u…
Recent News
- No recent news available.
Related
Browse more tickers: sitemap