Is QQQY a Solid Income ETF? 63% Monthly Dividend

My Portfolio:   / dividendbull  

In this video, we’re going to take a look at a relatively new ETF, called the Defiance Nasdaq 100 Enhanced Options Income ETF, ticker QQQY. I’ve gotten a handful of requests to go over this ETF because it is pretty popular among high-income investors, and it’s also distantly related to what I invest in. This is a fund that was launched by a company called Defiance ETFs, which, according to their website, was founded in 2018. They describe themselves as a leading ETF sponsor dedicated to income and thematic investing. Their actively managed options ETFs are designed to enhance income, while their suite of first-mover thematic ETFs empower investors to express targeted views on dynamic sectors leading the way in disruptive innovations, including artificial intelligence, machine learning, quantum computing, 5G, and hydrogen energy.