Funds & ETFs 841

Our funds this month are well-diversified, offering both income and growth.

Reaves Utility Income Fund (UTG) | Daily Alert April 20
The Reaves Utility Income Fund is a publicly listed closed-end fund with an emphasis on paying a high distribution to shareholders through dividends and capital gains generated by the Fund’s investments. The Fund invests in infrastructure stocks, predominantly utilities.

If the stock market gets ugly—and it will come at some point—UTG will be one of your most stable income investments.

This closed-end fund pays monthly dividends and just announced an unchanged $0.18 per share to be paid at the ends of April, May, and June. The next ex-dividend date for UTG is Thursday, April 22nd.

Buy or Accumulate Shares of UTG up to $36.00, locking in a 6% or higher yield.
Tim Plaehn, The Dividend Hunter, yn345.isrefer.com/go/cabmdpc/cab/, April 13, 2021

Columbia Seligman Premium Technology Growth Fund (STK)| Daily Alert April 30
The Columbia Seligman Premium Technology Growth Fund (STK), which, as the name suggests, holds tech stocks, including leaders like Microsoft (MSFT), Alphabet (GOOGL) and Broadcom (AVGO). Year to date, STK has posted an impressive 25% total return, beating both the S&P 500 and the tech-focused NASDAQ 100:

STK Beats the Indexes (Handily)
Columbia Seligman

And, of course, STK sells call options on its portfolio to generate extra income, which it hands to us in the form of its 4.3%-yielding dividend. (That’s a bit below the yield on the average covered-call CEF, due to the fact that the fund’s price has soared.)

From the chart above, it seems like it is roaring indeed, and it’s definitely a fund any CEF investor should have their eye on.
Brett Owens, Contrarian Outlook, BNK Invest Inc., 500 North Broadway, Suite 265, Jericho, NY 11753 USA, 516-620-4294, April 22, 2021

Vanguard Total Bond Market Index Fund ETF Shares (BND)| Daily Alert May 19
Our portfolios are shifting to a more neutral stance until we get that NASDAQ Seasonal Sell Signal.

As you likely know, we don’t “Sell in May and go away.” We do sell some things, and we do buy some things for the Worst Six Months. Instead of selling in May, we prefer to “Reposition in May.” For the beginning of our Worst Six Months repositioning, we’ve suggested establishing half positions in Vanguard Total Bond Market (BND) with a Buy Limit of $85.65.
Jeffrey A. Hirsch, Stock Trader’s Almanac, stocktradersalmanac.com, 800-762-2974, April 29, 2021

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