Monthly dividend ETFs have become a popular investment category in recent years, and why not? Building a portfolio of dividend ETFs that pay you each month is a great way to build a diversified and predictable stream of passive income that will compound over time. The Amplify CWP Enhanced Dividend ETF (NYSEARCA:DIVO) is one interesting option in this class for investors to consider.
DIVO’s dividend yield of 4.9% is not as high as some of the other popular names in the space, like the JPMorgan Premium Equity Income ETF (NYSEARCA:JEPI) or the JPMorgan Nasdaq Equity Premium ETF (NASDAQ:JEPQ) which boast dividend yields of 9.7% and 11.5%, respectively. But DIVO is still a viable option for income investors to consider as it offers a nice mix of yield and performance as we’ll delve into below.
What is DIVO ETF’s Strategy?
DIVO is an actively managed ETF,…
